Title 47, Revenue and Taxation
0 chapters · 2,663 sections in this title.
La. Rev. Stat. § 47:9102 Online and mobile wagering
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§9102. Online and mobile wagering A. Wagering through a website or mobile application shall be subject to the following requirements: (1) A player shall establish a sports wagering account with the operator before the operator accepts any sports wager through a website or mobile …
La. Rev. Stat. § 47:9103 Prizes; payment of prizes
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§9103. Prizes; payment of prizes A.(1) Winning wagers that were placed via a sports wagering mechanism with cash and are evidenced by a ticket receipt shall be redeemed by a player within one hundred eighty days from the time of the event. The corporation shall pay tickets upon p…
La. Rev. Stat. § 47:9104 Withholding of lottery prizes; child support arrearages; rules
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§9104. Withholding of lottery prizes; child support arrearages; rules The corporation shall promulgate rules providing for the withholding of prizes resulting from sports wagering authorized pursuant to this Section, of persons who have outstanding child support arrearages as rep…
La. Rev. Stat. § 47:9105 State tax; levy
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§9105. State tax; levy A. There is hereby levied a ten percent tax upon the net gaming proceeds of an operator from sports wagering offered to consumers within this state pursuant to this Title onsite at a permitted retail establishment through a sports wagering mechanism. B. The…
La. Rev. Stat. § 47:9106 Deposit of revenues
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§9106. Deposit of revenues Within twenty days following the close of each calendar month, the corporation shall transfer to the Lottery Sports Wagering Fund the amount of net revenue which the corporation determines is surplus to its needs. Net revenues shall be determined by ded…
La. Rev. Stat. § 47:9107 Lottery Sports Wagering Fund
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§9107. Lottery Sports Wagering Fund A. There is hereby created in the state treasury a special fund designated as the "Lottery Sports Wagering Fund", hereafter referred to as the "fund". After allocation of money to the Bond Security and Redemption Fund as provided in Article VII…
La. Rev. Stat. § 47:92 Period in which items of gross income are included
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§92. Period in which items of gross income are included A. The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer unless, under methods of accounting permitted under R.S. 47:91, such amounts are to be p…
La. Rev. Stat. § 47:93 Period for which deductions and credits shall be taken
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§93. Period for which deductions and credits shall be taken A. Except as hereinafter provided in this Section, the deductions and credits provided for in this Chapter shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method o…
La. Rev. Stat. § 47:94 Installment basis
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§94. Installment basis A. Regular sales of personalty. Under regulations prescribed by the collector, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installm…
La. Rev. Stat. § 47:95 Allocation of income and deductions and prevention of tax evasion
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§95. Allocation of income and deductions and prevention of tax evasion A. If in any case of two or more organizations, trades, or businesses (whether or not incorporated, whether or not organized in the State of Louisiana, and whether or not affiliated) owned or controlled direct…
La. Rev. Stat. § 47:96 Change of accounting period
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§96. Change of accounting period If a taxpayer changes his accounting period from fiscal year to calendar year, from calendar year to fiscal year, or from one fiscal year to another, the net income shall, with the approval of the collector, be computed on the basis of such new ac…
La. Rev. Stat. § 47:97 Returns for a period of less than twelve months
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§97. Returns for a period of less than twelve months A. Change of accounting period. If a taxpayer, with the approval of the collector, changes the basis of computing net income from fiscal year to calendar year, a separate return shall be made for the period between the close of…
La. Rev. Stat. § 47:98 Definitions
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§98. Definitions When used in this Chapter: (1) "Taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under this Chapter. "Taxable year" includes, in the case of a return made for a fraction…