Title 47, Revenue and Taxation

0 chapters · 2,663 sections in this title.

2,663 sectionsFiltered byTitle 47

La. Rev. Stat. § 47:633.5 Produced water injection incentive
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§633.5. Produced water injection incentive A. The office of water resources of the Department of Environmental Quality was directed by R.S. 30:2074(C) to act in conjunction with the Department of Conservation and Energy to conduct a risk analysis of the discharge of produced wate…
La. Rev. Stat. § 47:633.6 Calculation of market value for trees and timber
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§633.6. Calculation of market value for trees and timber A. To determine "market value" of trees, timber, and pulpwood as provided for in R.S. 47:633(1), (2), and (3) and 633.3 the Department of Revenue shall provide monthly to the Department of Agriculture and Forestry all infor…
La. Rev. Stat. § 47:634 Definitions
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§634. Definitions The following terms as used in this Part shall have the following meanings ascribed to them: (1) "Owner" means owner at the time of severance. (2) "Purchases on the open market" means purchases made in the absence of any contract or agreement requiring the purch…
La. Rev. Stat. § 47:635 Reports and payment of taxes by severers
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§635. Reports and payment of taxes by severers A. The taxes levied by this Part are due and payable monthly. Tax payments and reports are due as follows: (1) Timber and minerals other than oil or gas. Every person severing any natural resources, other than oil or gas, from the so…
La. Rev. Stat. § 47:6351 Rebates; contracts for certain state sales and use tax rebates
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§6351. Rebates; contracts for certain state sales and use tax rebates A. Definitions. For purposes of this Section, the following words shall have the following meanings unless the context clearly indicates otherwise: (1) "Affiliated entity" shall mean a person who, directly or i…
La. Rev. Stat. § 47:636 Severers required to withhold taxes from royalty payments
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§636. Severers required to withhold taxes from royalty payments Every person actually engaged in severing oil, gas, or other natural resources from the soil or water, or actually operating oil or gas property, or other property from which natural resources are severed, under cont…
La. Rev. Stat. § 47:637 Severers not required to withhold tax where it is withheld by purchasers
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§637. Severers not required to withhold tax where it is withheld by purchasers When any person actually engaged in severing oil or gas, or other natural resources from the soil or water, under contracts or agreements requiring payments direct to any owner of the proportionate sha…
La. Rev. Stat. § 47:638 Purchasers required to withhold taxes
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§638. Purchasers required to withhold taxes Every person purchasing oil, gas or any other natural resource severed from the soil or water, under contracts or agreements requiring the purchaser to make payment direct to the owners of the oil, gas or other natural resources, shall …
La. Rev. Stat. § 47:639 Withholding and payment of taxes where title of property is in dispute
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§639. Withholding and payment of taxes where title of property is in dispute Whenever the title to any natural resources being severed from the soil or water is in dispute, or whenever the purchaser thereof or any person engaged in severing natural resources from the soil or wate…
La. Rev. Stat. § 47:64 Deductions from gross income; pension trusts
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§64. Deductions from gross income; pension trusts An employer establishing or maintaining a pension trust to provide for the payment of reasonable pensions to his employees, if such trust is exempt from tax under R.S. 47:185, relating to trusts created for the exclusive benefit o…
La. Rev. Stat. § 47:640 Reports by purchasers
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§640. Reports by purchasers A.(1) Timber and minerals other than oil or gas. On or before the last day of the month following the month to which the tax is applicable, purchasers and other persons dealing in any natural product, other than oil or gas, severed from the soil or wat…
La. Rev. Stat. § 47:641 Delinquent tax
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§641. Delinquent tax The tax provided by this Part shall become delinquent after the date fixed for each monthly report to be filed in the office of the collector, and from such time shall be subject to the addition of interest, penalties, and costs as provided in Chapter 18, Sub…
La. Rev. Stat. § 47:642 Failure to file reports
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§642. Failure to file reports A. If any person, whether the person be a severer or purchaser, fails to make a report of the gross production and value of its natural products upon which the severance tax is herein levied within the time and in the manner prescribed, there shall b…
La. Rev. Stat. § 47:643 Tax in addition to property taxes; restriction on further taxes on oil or gas rights
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§643. Tax in addition to property taxes; restriction on further taxes on oil or gas rights The payment of the severance tax levied by this Part shall be in addition to, and shall not affect the liability of the parties so taxed for, the payment of all state, parochial, municipal,…
La. Rev. Stat. § 47:643.1 Restriction on taxation of timber
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§643.1. Restriction on taxation of timber The severance tax shall be the only tax on standing timber, and no further tax shall be levied or imposed upon timber, or the right to cut and remove or use standing timber, regardless of the ownership of such timber or its classification…
La. Rev. Stat. § 47:644 Repealed by Acts 1998, No
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§644. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
La. Rev. Stat. § 47:645 Disposition of collections
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§645. Disposition of collections A. All taxes levied in this Part shall be collected monthly by the secretary and shall be paid by him into the state treasury immediately upon receipt. When so paid, all of the severance taxes collected on natural resources, severed from soil or w…
La. Rev. Stat. § 47:646 Apportionment of amounts allocated to parishes
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§646. Apportionment of amounts allocated to parishes The amounts allocated and credited to each oil, gas or sulphur producing parish and to all parishes producing other natural resources under this Part, shall be apportioned and distributed quarterly among the governing authoriti…
La. Rev. Stat. § 47:646.1 Repealed by Acts 1994, No
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§646.1. Repealed by Acts 1994, No. 2, §3, eff. June 1, 1994.
La. Rev. Stat. § 47:646.2 Repealed by Acts 1994, No
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§646.2. Repealed by Acts 1994, No. 2, §3, eff. June 1, 1994.
La. Rev. Stat. § 47:646.3 Repealed by Acts 1994, No
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§646.3. Repealed by Acts 1994, No. 2, §3, eff. June 1, 1994.
La. Rev. Stat. § 47:646.4 Repealed by Acts 1994, No
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§646.4. Repealed by Acts 1994, No. 2, §3, eff. June 1, 1994.
La. Rev. Stat. § 47:646.5 Repealed by Acts 1994, No
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§646.5. Repealed by Acts 1994, No. 2, §3, eff. June 1, 1994.
La. Rev. Stat. § 47:647 Severance tax credit, priority
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§647. Severance tax credit, priority A.(1) Every taxpayer liable for and remitting taxes levied and collected pursuant to R.S. 47:1301 through R.S. 47:1307 and each taxpayer who bears such taxes as a direct result of contractual terms or agreements applied in disregard of R.S. 47…
La. Rev. Stat. § 47:648.1 Purpose
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§648.1. Purpose It is the public policy of the state to promote economic growth and to revitalize and stimulate an economic sector which is in decline due to world markets and trends. The legislature hereby acts to encourage new discovery wells in the oil and gas sector, a mainst…
La. Rev. Stat. § 47:648.11 Repealed by Acts 1998, No
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§648.11. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
La. Rev. Stat. § 47:648.2 Definitions
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§648.2. Definitions Unless the context otherwise requires, the words defined in this Section have the following meaning when found in this Part: (1) A "certified new discovery oil and natural gas well" is one designated as such by the Department of Conservation and Energy after d…
La. Rev. Stat. § 47:648.21 Severance tax; reclaimed oil; definition
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§648.21. Severance tax; reclaimed oil; definition A. The tax rate applicable to reclaimed oil which is reclaimed by class one salvage crude reclamation facilities which are permitted by the office of conservation shall be three and one-eighth percent (3 1/8%) of value received by…
La. Rev. Stat. § 47:648.3 Severance tax suspension on production from certified new discovery oil and
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§648.3. Severance tax suspension on production from certified new discovery oil and natural gas wells All severance taxes on production from certified new discovery oil and natural gas wells are hereby suspended from the date of completion for a period of twenty-four months or un…
La. Rev. Stat. § 47:648.4 Limitation on exemption
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§648.4. Limitation on exemption The provisions of this Part shall not apply to activities of state lessees, their assigns, or other mineral interest owners, conducted on state leases when compelled under a settlement, compromise, or agreement with the state, or judgment by a cour…
La. Rev. Stat. § 47:648.5 REPEALED BY ACTS 1992, NO
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§648.5. REPEALED BY ACTS 1992, NO. 984, §18.
La. Rev. Stat. § 47:65 Deductions from gross income; depreciation
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§65. Deductions from gross income; depreciation A. In computing net income, a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business or of property held for the production of income, including a reasonable allowance for obsolescence, shal…
La. Rev. Stat. § 47:651 Repealed by Acts 1998, No
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§651. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:66 Deductions from gross income; depletion
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§66. Deductions from gross income; depletion In computing net income in the case of mines, oil and gas wells, other natural deposits, and timber a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case, shall be …
La. Rev. Stat. § 47:67 Deductions from gross income; charges in case of oil and gas wells
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§67. Deductions from gross income; charges in case of oil and gas wells A.(1) Option with respect to intangible drilling and development costs incurred by an operator (one who holds a working or operating interest in any tract or parcel of land either as a fee owner or under a le…
La. Rev. Stat. § 47:671 Repealed by Acts 1998, No
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§671. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:672 Repealed by Acts 1998, No
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§672. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:674 Repealed by Acts 1998, No
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§674. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:675 Repealed by Acts 1998, No
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§675. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:676 Repealed by Acts 1998, No
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§676. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:677 Repealed by Acts 1998, No
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§677. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:678 Repealed by Acts 1998, No
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§678. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:679 Repealed by Acts 1998, No
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§679. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:68 Deductions from gross income; optional standard deduction
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§68. Deductions from gross income; optional standard deduction A. Allowance. In computing net income of an individual, there shall be allowed as a deduction from gross income, at the election of the individual, a standard deduction equal to 10% of the adjusted gross income, as de…
La. Rev. Stat. § 47:680 Repealed by Acts 1998, No
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§680. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:681 Repealed by Acts 1998, No
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§681. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:681.1 Repealed by Acts 1998, No
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§681.1. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:69 Repealed by Acts 1979, No
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§69. Repealed by Acts 1979, No. 586, §1.
La. Rev. Stat. § 47:691 Repealed by Acts 1998, No
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§691. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.
La. Rev. Stat. § 47:692 Repealed by Acts 1998, No
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§692. Repealed by Acts 1998, No. 27, §1, eff. June 24, 1998.