Title 47, Revenue and Taxation
0 chapters · 2,663 sections in this title.
La. Rev. Stat. § 47:1703.1 Permanent registration of homestead exemption; designated parishes
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§1703.1. Permanent registration of homestead exemption; designated parishes A. The tax assessor for the parishes of Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, DeSoto, East Baton Rou…
La. Rev. Stat. § 47:1704 Homestead exemption audit program; city of New Orleans; fees
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§1704. Homestead exemption audit program; city of New Orleans; fees A. The city of New Orleans may establish a homestead exemption audit program for the property in the city of New Orleans and the parish of Orleans. The purpose of the audit program is to determine if property in …
La. Rev. Stat. § 47:1705 Information supplied to assessor and legislative auditor by tax recipient agencies;
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§1705. Information supplied to assessor and legislative auditor by tax recipient agencies; additional notices A. All tax recipient agencies of ad valorem taxes of each and every parish of the state of Louisiana, the parish of Orleans excepted, including the police jury, school bo…
La. Rev. Stat. § 47:1705.1 Public hearings for certain millage adjustments; certain parishes
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§1705.1. Public hearings for certain millage adjustments; certain parishes A. The provisions of this Section shall apply to any parish with a population between two hundred forty-five thousand and two hundred sixty-five thousand according to the most recent federal decennial cens…
La. Rev. Stat. § 47:1706 Exemptions, solar energy systems; equipment attached to residential buildings or
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§1706. Exemptions, solar energy systems; equipment attached to residential buildings or swimming pools A. Notwithstanding the definitions of "real estate" and "personal property" in Section 1702, any equipment attached to any owner occupied residential building or swimming pool a…
La. Rev. Stat. § 47:1707 Exemptions, agricultural machinery and implements, farm structures, and timber
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§1707. Exemptions, agricultural machinery and implements, farm structures, and timber logging equipment; definition For the purpose of applying the exemption from ad valorem taxation provided in Section 21 of Article VII of the Constitution of Louisiana, the term "agricultural ma…
La. Rev. Stat. § 47:1707.1 Agricultural byproducts
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§1707.1. Agricultural byproducts For the purpose of Section 21(C)(11) of Article VII of the Constitution of Louisiana, the phrase "agricultural products while owned by the producer" shall include standing timber and the right to cut and use standing timber, whether held by the ow…
La. Rev. Stat. § 47:1708 Exemption for property leased to nonprofit organizations for the purpose of housing
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§1708. Exemption for property leased to nonprofit organizations for the purpose of housing the homeless For the purpose of applying the exemption from ad valorem taxation provided in Article VII, Section (21)(B)(1)(b) of the Constitution of Louisiana, "term of the lease" shall me…
La. Rev. Stat. § 47:1709 Exemption for intangible and incorporeal property
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§1709. Exemption for intangible and incorporeal property Notwithstanding any provision to the contrary in this Subtitle, all intangible and incorporeal property of any kind or nature whatsoever, except public service properties, bank stocks, and credit assessments on premiums wri…
La. Rev. Stat. § 47:1710 Homestead exemption; residential lessees; tax credits
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§1710. Homestead exemption; residential lessees; tax credits A. The purpose of this Section is to partially implement the provisions of Article VII, Section 20(B) of the Constitution of Louisiana relative to the providing of tax relief to residential lessees in order to provide e…
La. Rev. Stat. § 47:1711 Waiver of homestead exemption
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§1711. Waiver of homestead exemption A. A taxpayer who is entitled to a homestead exemption on property may waive such exemption and pay the ad valorem tax due based on the entire amount of assessed valuation of the property. Once the taxpayer has waived his homestead exemption a…
La. Rev. Stat. § 47:1712 Application procedure; special assessment level
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§1712. Application procedure; special assessment level Any person who qualifies for the special assessment level set forth in Article VII, Section 18(G) of the Constitution of Louisiana shall apply for the special assessment by completing an application form certifying his qualif…
La. Rev. Stat. § 47:1713 Special assessment level for certain trusts
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§1713. Special assessment level for certain trusts A. A trust shall be eligible for the special assessment level if all of the following apply: (1) The settlor or settlors of the trust were the immediate prior owner or owners of the homestead. (2) The naked ownership of the homes…
La. Rev. Stat. § 47:1714 Exemption for property of a disabled veteran or a surviving spouse; eligibility for
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§1714. Exemption for property of a disabled veteran or a surviving spouse; eligibility for certain trusts A trust shall be eligible for the ad valorem tax exemption established under Article VII, Section 21(K) of the Louisiana Constitution which provides an exemption for a disabl…
La. Rev. Stat. § 47:1715 Exemption for property of the surviving spouse of certain military personnel, law
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§1715. Exemption for property of the surviving spouse of certain military personnel, law enforcement and fire protection officers, and other first responders; eligibility for certain trusts A trust shall be eligible for the ad valorem tax exemption established under Article VII, …
La. Rev. Stat. § 47:1716 Exemption for property of certain veterans with disabilities; applicability
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§1716. Exemption for property of certain veterans with disabilities; applicability The exemption provided for in Article VII, Section 21(K) of the Constitution of Louisiana shall apply to ad valorem property taxes due beginning in tax year 2023, regardless of when property tax as…
La. Rev. Stat. § 47:1801 §§1801-1808
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§1801. §§1801-1808. REPEALED BY ACTS 1989, NO. 662, §8, EFF. JULY 7, 1989.
La. Rev. Stat. § 47:181 Imposition of tax on estates and trusts
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§181. Imposition of tax on estates and trusts A. Application of tax. The taxes imposed by this Chapter upon individuals shall apply to the income of estates or of any kind of property held in trust including: (1) Income accumulated in trust for the benefit of unborn or unascertai…
La. Rev. Stat. § 47:182 Net income of estate or trust
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§182. Net income of estate or trust The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual except that: (1) There shall be allowed as a deduction in lieu of the deduction for charitable and other contributi…
La. Rev. Stat. § 47:183 Credits of estate or trust against net income
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§183. Credits of estate or trust against net income For the purpose of the tax, the estate or trust shall be allowed the same personal exemption as is allowed to a single person under R.S. 47:79A(1).
La. Rev. Stat. § 47:1831 Creation; abolishment of Boards
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§1831. Creation; abolishment of Boards There shall be a state agency to be known as the Louisiana Tax Commission, hereinafter referred to as the tax commission which shall be a continuation of the commission created in Act 140 of 1916, and which succeeded to certain powers and du…
La. Rev. Stat. § 47:1832 Compensation; tenure; vacancies; salary
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§1832. Compensation; tenure; vacancies; salary A.(1) The tax commission shall be composed of five members appointed by the governor from the state public service commission districts to serve at his pleasure. Vacancies in unexpired terms shall be filled by appointment by the gove…
La. Rev. Stat. § 47:1833 Members; oath; bond; qualifications
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§1833. Members; oath; bond; qualifications Each member shall take the oath of office and furnish a solvent bond, for the faithful performance of his duties, according to law, in the sum of ten thousand dollars, to be paid for by the tax commission, within thirty days after his ap…
La. Rev. Stat. § 47:1834 Domicile and transaction of business
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§1834. Domicile and transaction of business The domicile of the tax commission shall be at the state capital, and immediately after the appointment of the members, the governor shall designate the chairman and they shall organize. A majority of the tax commission shall constitute…
La. Rev. Stat. § 47:1835 Employment of secretary, clerical help, and experts; creation of commission expense
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§1835. Employment of secretary, clerical help, and experts; creation of commission expense dedicated fund account; authorization for deposits and collection of assessments A. The tax commission may appoint or employ all necessary agents, assistants, auditors, clerks, inspectors, …
La. Rev. Stat. § 47:1836 Studies and reports
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§1836. Studies and reports In addition to the duties prescribed elsewhere in this Title, the tax commission shall examine carefully into all cases where evasion or violation of the laws for assessment and taxation of property is alleged, complained of or discovered, and ascertain…
La. Rev. Stat. § 47:1837 Duties and responsibilities
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§1837. Duties and responsibilities A. In addition to any duties, powers, or responsibilities otherwise conferred upon the tax commission, it shall administer and enforce all laws related to the state supervision of local property tax assessments and the assessment of public servi…
La. Rev. Stat. § 47:1837.1 Program for a statewide ad valorem tax assessment database; creation
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§1837.1. Program for a statewide ad valorem tax assessment database; creation A.(1) A program for the creation of a statewide ad valorem tax assessment database is hereby established. Participation in the program shall be required of all parishes. (2) The database shall be compri…
La. Rev. Stat. § 47:1838 Fees
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§1838. Fees The tax commission is hereby authorized on an interim basis for the period beginning on July 1, 2021, and ending on June 30, 2026, to levy and collect the following fees in connection with services performed by the commission: (1) A fee for the assessment of public se…
La. Rev. Stat. § 47:184 Different taxable years
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§184. Different taxable years If the taxable year of a beneficiary is different from that of the estate or trust, the amount which he is required under R.S. 47:182B to include in computing his net income, shall be based upon the income of the estate or trust for any taxable year …
La. Rev. Stat. § 47:185 Employees trusts
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§185. Employees trusts A trust created by an employer as a part of a stock bonus, pension, or profit-sharing plan for the exclusive benefit of some or all of his employees, to which contributions are made by the employer, or employees, or both, for the purpose of distributing to …
La. Rev. Stat. § 47:1851 Definitions
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§1851. Definitions When used in this Part, unless the context requires a different meaning: A. "Airline" means a company engaged in the business of transporting passengers and/or property for hire on regularly scheduled flights within, into, or from this state. B. "Barge line, to…
La. Rev. Stat. § 47:1852 Duty to file annual reports
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§1852. Duty to file annual reports A. Each company whose property is subject to taxation in this state, shall prepare and deliver to the Louisiana Tax Commission each year a report showing such information with regard to the property it owns or uses as of January first, as the Lo…
La. Rev. Stat. § 47:1852.1 Delinquency in filing annual reports
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§1852.1. Delinquency in filing annual reports Should any company fail to file, on or before April first, the complete annual report required by R.S. 47:1852, the Louisiana Tax Commission shall advise the company in writing on or before April fifteenth of its delinquency and, ther…
La. Rev. Stat. § 47:1853 Appraisal of public service properties
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§1853. Appraisal of public service properties A. In accordance with the provisions of this Section and Sections 1854 and 1855, the Louisiana Tax Commission shall, on or before September first of each calendar year, appraise, for taxation, public service properties based upon each…
La. Rev. Stat. § 47:1854 Assessment
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§1854. Assessment All public service properties shall be assessed for taxation in accordance with the provisions of the Louisiana Constitution of 1974. Land shall be assessed at ten percent of fair market value; electric cooperative properties shall be assessed at fifteen percent…
La. Rev. Stat. § 47:1855 Allocation of assessed value
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§1855. Allocation of assessed value A. For the purposes of taxation by local taxing units in this state, the Louisiana Tax Commission shall allocate the assessed valuation of each company among the local taxing units in accordance with the provisions of this Section on or before …
La. Rev. Stat. § 47:1856 Notice of valuation; hearings; appeals
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§1856. Notice of valuation; hearings; appeals A.(1) The Louisiana Tax Commission shall give notice of the initial determination of the assessed valuation in writing to the company. This notice shall be delivered by certified mail, return receipt requested addressed to, or by pers…
La. Rev. Stat. § 47:1856.1 REPEALED BY ACTS 1992, NO
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§1856.1. REPEALED BY ACTS 1992, NO. 984, §18.
La. Rev. Stat. § 47:1857 Corrections and changes
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§1857. Corrections and changes A. The Louisiana Tax Commission is authorized and empowered to correct or change the assessment of any company under this Part in order to make the assessment conform to the true facts. In order to correct or change any such assessment, it shall be …
La. Rev. Stat. § 47:1858 General provisions
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§1858. General provisions The Louisiana Tax Commission is entitled to exercise all power and authority necessary and incidental to the performance of any duty under this Subtitle, including without limitation those powers of the Louisiana Tax Commission set forth in Title 47, Sec…
La. Rev. Stat. § 47:186 Revocable trusts
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§186. Revocable trusts Where at any time during the taxable year the power to revest in the grantor title to any part of the corpus of the trust is vested either: (1) In the grantor, either alone or in conjunction with any person not having a substantial adverse interest in the d…
La. Rev. Stat. § 47:187 Income for benefit of grantor
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§187. Income for benefit of grantor Where any part of the income of a trust: (1) Is, or in the discretion of the grantor or of any person not having a substantial adverse interest in the disposition of such part of the income, may be held or accumulated for future distribution to…
La. Rev. Stat. § 47:1871 State guarantee program; Louisiana Tax Commission administration
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§1871. State guarantee program; Louisiana Tax Commission administration A. The state shall institute a loan guarantee program for the assessors of the state, to be administered by the Louisiana Tax Commission, subject to the provisions and limitations of this Part. B. No loan mad…
La. Rev. Stat. § 47:1872 Louisiana Tax Commission, additional powers and duties
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§1872. Louisiana Tax Commission, additional powers and duties A. For the purpose of this Part the commission may: (1) Guarantee the loan of money, subject to the limitation prescribed herein and upon such other terms and conditions as the commission may prescribe, to the assessor…
La. Rev. Stat. § 47:1873 Qualifications
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§1873. Qualifications The commission may guarantee loans for an assessor only when that assessor has demonstrated the need for and the amount necessary to complete the task of reappraisal and reassessment in his parish. Added by Acts 1977, No. 571, §1, eff. July 15, 1977; H.C.R. …
La. Rev. Stat. § 47:1874 Maximum loan; maximum aggregate amount; interest; terms
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§1874. Maximum loan; maximum aggregate amount; interest; terms A. Each loan guarantee shall be limited to the maximum established in Subsection B for each parish or district. The total amount of all outstanding loans shall not at any time exceed six million dollars. The interest …
La. Rev. Stat. § 47:1875 Repayment of loan; additional assessor expense allowance
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§1875. Repayment of loan; additional assessor expense allowance A. To further secure the loan of money, all loans made under the provisions of this Act shall be repaid by each assessor from an additional expense allowance as herein provided. B. Notwithstanding any other provision…
La. Rev. Stat. § 47:1876 Special fund; defaults; attorney general participation
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§1876. Special fund; defaults; attorney general participation There is hereby established in the state treasury a special fund to be designated and hereafter referred to as the Assessors' Reappraisal and Reassessment Loan Guarantee Security Fund. The sum of six million dollars is…
La. Rev. Stat. § 47:188 Imposition of tax on real estate investment trusts; computation
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§188. Imposition of tax on real estate investment trusts; computation The tax imposed by this chapter upon corporations shall be imposed upon real estate investment trusts as defined in R.S. 12:491, and shall be computed only upon that part of the net income of the trust which is…