Title 47, Revenue and Taxation
0 chapters · 2,663 sections in this title.
La. Rev. Stat. § 47:1957 Listing and assessing of property generally
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§1957. Listing and assessing of property generally A. All taxable property in the state, except public service properties, shall be assessed by the several assessors. The assessors shall be responsible, under the supervision of the tax commission, for listing and assessing all pr…
La. Rev. Stat. § 47:1958 Listing and assessing of lands
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§1958. Listing and assessing of lands A. The assessor, in assessing lands and lots, shall take into consideration the enhanced value of such lands and lots arising from the buildings and improvements thereon; provided that for a period of ten years, commencing January 1, 1943, la…
La. Rev. Stat. § 47:1959 Listing and assessment; assessor's records
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§1959. Listing and assessment; assessor's records A. The auditor shall furnish to each parish, with the assessment rolls, a blank map of each township in such parish, in book form, four inches to the square mile by scale, divided and subdivided into sections, quarters, and sixtee…
La. Rev. Stat. § 47:1960 Repealed by Acts 2006, No
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§1960. Repealed by Acts 2006, No. 622, §9, eff. Dec. 11, 2006.
La. Rev. Stat. § 47:1961 Listing and assessing of merchandise
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§1961. Listing and assessing of merchandise In the assessment of merchandise or stock in trade on hand, the inventory value of the merchandise shall be ascertained by computing the cost or purchase price at the point of origin, plus the carrying charges to the point of destinatio…
La. Rev. Stat. § 47:1961.1 Inventories of manufacturers or merchants defined
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§1961.1. Inventories of manufacturers or merchants defined For the purpose of the classification of property subject to ad valorem taxation and the determination of the applicable percentage of fair market value in determining assessed valuation, the term "inventories of manufact…
La. Rev. Stat. § 47:1961.2 Repealed by Acts 1997, No
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§1961.2. Repealed by Acts 1997, No. 474, §1, eff. July 1, 1997.
La. Rev. Stat. § 47:1962 Listing and assessing of credits
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§1962. Listing and assessing of credits All credits, including open accounts, bills receivable, judgments, and all promissory notes, not exempt from taxation, shall be assessed in the same manner as all other personal property but at such value as will represent, when considered …
La. Rev. Stat. § 47:1963 Listing and assessing of mortgaged property
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§1963. Listing and assessing of mortgaged property Where immovable properties are assessed under a single assessment, without segregation of the respective assessments of the properties involved, if any part of the properties so assessed is subject to a conventional mortgage, and…
La. Rev. Stat. § 47:1964 Listing and assessing of property of unknown owners
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§1964. Listing and assessing of property of unknown owners A. Each tax assessor, on and after the first day of January of each year, shall examine the records in the office of the recorder of mortgages and shall otherwise make faithful inquiry and investigation to ascertain what …
La. Rev. Stat. § 47:1965 Listing and assessing of property in name of deceased owner
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§1965. Listing and assessing of property in name of deceased owner A. Any assessment made in the name of a party deceased shall be good and valid throughout the state unless notification in writing of the death and of whether or not the succession has been opened and when and whe…
La. Rev. Stat. § 47:1966 Listing and assessing of omitted property
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§1966. Listing and assessing of omitted property A.(1) If any tract or lot of land or other property shall be omitted in the assessment of any year or series of years, or in any way erroneously assessed, it, when discovered, shall be assessed by the assessor or tax collector for …
La. Rev. Stat. § 47:1967 Listing and assessment of bank stock; procedure
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§1967. Listing and assessment of bank stock; procedure A. The shares of stock of all banks, banking companies, firms, associations, or corporations, doing a banking business in this state, chartered by the laws of this state, any other state, or of the United States or chartered …
La. Rev. Stat. § 47:1968 Listing and assessing of bank stock; place
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§1968. Listing and assessing of bank stock; place The shares shall be assessed at the per centum of their valuation made by the assessing authorities to the shareholders at the domicile or location of the bank, banking company, firm, association or corporation, who appear as such…
La. Rev. Stat. § 47:1969 Listing and assessing of bank stock; branch banks
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§1969. Listing and assessing of bank stock; branch banks When any bank, banking company, firm, association, or corporation engaged in the banking business, chartered under the laws of this state, any other state, or the United States, or chartered under the laws of another countr…
La. Rev. Stat. § 47:1970 Listing and assessing of real estate of banks
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§1970. Listing and assessing of real estate of banks The banking house and all real estate owned by any bank, banking company, firm, association or corporation shall be assessed directly to it in accordance with law at not to exceed its actual cash value, or whatever percentage t…
La. Rev. Stat. § 47:1971 Listing and assessing of bank stock and real estate; payment of tax; recovery from shareholders
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§1971. Listing and assessing of bank stock and real estate; payment of tax; recovery from shareholders All the taxes assessed against shares of stock shall be paid by the bank, banking company, firm, association, or corporation engaged in the banking business directly, and it sha…
La. Rev. Stat. § 47:1972 Listing and assessing of bank stock and real estate; report by official
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§1972. Listing and assessing of bank stock and real estate; report by official The president, vice-president, cashier or assistant-cashier of any bank, banking company, firm, association or corporation engaged in the banking business shall furnish to the assessor, on or before th…
La. Rev. Stat. § 47:1973 §§1973 to 1975 Repealed by Acts 1978, No
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§1973. §§1973 to 1975 Repealed by Acts 1978, No. 613, §1.
La. Rev. Stat. § 47:1976 Repealed by Acts 1976, No
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§1976. Repealed by Acts 1976, No. 703, §2, eff. Jan. 1, 1978
La. Rev. Stat. § 47:1977 Assessment of pollution control equipment
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§1977. Assessment of pollution control equipment A. Pollution control facilities, as defined herein, located at new manufacturing establishments qualified for the exemption provided in Article X, Section 4(10) of the Louisiana Constitution, shall be valued as provided in this sec…
La. Rev. Stat. § 47:1978 Listing and assessing of overflowed lands
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§1978. Listing and assessing of overflowed lands Whenever lands or other property are overflowed by the waters of the Mississippi River, or by the waters of any other river, lake, bayou, or backwater, the assessors within whose parishes such lands or other property may be situate…
La. Rev. Stat. § 47:1978.1 Listing and assessing of land and property damaged or destroyed during a disaster or emergency declared by the governor
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§1978.1. Listing and assessing of land and property damaged or destroyed during a disaster or emergency declared by the governor A.(1) If lands or property, including buildings, structures, or personal property, are damaged, destroyed, non-operational, or uninhabitable due to an …
La. Rev. Stat. § 47:1979 Listing and assessment of certain property in which the assessor, a member of the Louisiana Tax Commission, or an immediate family member of either has an interest
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§1979. Listing and assessment of certain property in which the assessor, a member of the Louisiana Tax Commission, or an immediate family member of either has an interest A. Notwithstanding any other law to the contrary, a tax assessor and members of his immediate family as defin…
La. Rev. Stat. § 47:1980 Repealed by Acts 1976, No
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§1980-1986. Repealed by Acts 1976, No. 703, §2, eff. Jan. 1, 1978.
La. Rev. Stat. § 47:1987 Time when listing of property concluded
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§1987. Time when listing of property concluded A. The preparation and listing on the assessment lists of all real and personal property shall be completed by the assessor on or before the first day of July in each year. The Orleans Parish assessor shall complete the work of prepa…
La. Rev. Stat. § 47:1988 Repealed by Acts 1972, Ex.Sess., No
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§1988. Repealed by Acts 1972, Ex.Sess., No. 13, §1
La. Rev. Stat. § 47:1989 Review of appeals by tax commission
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§1989. Review of appeals by tax commission A. Within ten days of receipt of the assessment lists as certified by the local board of review, the tax commission shall conduct public hearings to hear real and personal property appeals of taxpayers, bona fide representatives of an af…
La. Rev. Stat. § 47:1989.1 Appeals; assessors; reimbursement of expenses
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§1989.1. Appeals; assessors; reimbursement of expenses A.(1) When in the performance of his duty an assessor must defend the correctness of an assessment before the tax commission, and the tax commission or a reviewing court upholds the valuation of the assessor within ten percen…
La. Rev. Stat. § 47:1990 Changes or corrections of assessments by tax commission
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§1990. Changes or corrections of assessments by tax commission The tax commission may change or correct any and all assessments of property for the purpose of taxation, in order to make the assessments conform to the true and correct valuation, not to exceed its actual cash value…
La. Rev. Stat. § 47:1991 Cancellation of erroneous or double assessments
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§1991. Cancellation of erroneous or double assessments A.(1) Upon a statement of the facts made under oath, verified and approved by the assessor of the parish or district in which the property is situated, that the assessment is a clerical error, or an erroneous or double assess…
La. Rev. Stat. § 47:1992 Inspection of assessment lists; notification and review of assessments by board of
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§1992. Inspection of assessment lists; notification and review of assessments by board of review; hearing officers A.(1)(a) After each assessor has prepared and made up the lists showing the assessment of immovable and movable property in and for his parish or district, his lists…
La. Rev. Stat. § 47:1992.1 Period for inspection of assessment lists in Jefferson Parish
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§1992.1. Period for inspection of assessment lists in Jefferson Parish Notwithstanding any law to the contrary, effective July 1, 2009, and in every tax year thereafter, in the parish of Jefferson the period for inspection of the assessment lists as provided in R.S. 47:1992 shall…
La. Rev. Stat. § 47:1992.2 Board of review; complaints for review; Calcasieu Parish
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§1992.2. Board of review; complaints for review; Calcasieu Parish Notwithstanding the provisions of R.S. 47:1992(C), in Calcasieu Parish, the board of review shall only consider complaints for review of the correctness of an assessment by an assessor if the complaint is timely fi…
La. Rev. Stat. § 47:1993 Preparation and filing of rolls by assessor
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§1993. Preparation and filing of rolls by assessor A.(1) After the assessment lists have been approved by the parish governing authorities as boards of reviewers, the assessors shall prepare the tax rolls in duplicate, after which one copy shall be delivered to the tax collector …
La. Rev. Stat. § 47:1993.1 Additional duties of assessors; deposit of funds; reimbursement of costs by municipalities
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§1993.1. Additional duties of assessors; deposit of funds; reimbursement of costs by municipalities A. The requirements of R.S. 47:1957(A) and R.S. 47:1993(A) shall be deemed to be additional duties and obligations of the various assessors' offices. B. Any funds received from any…
La. Rev. Stat. § 47:1994 §§1994 to 1996 Repealed by Acts 1977, No
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§1994. §§1994 to 1996 Repealed by Acts 1977, No. 382, §2, eff. July 10, 1977.
La. Rev. Stat. § 47:1997 Filing of rolls, payment of taxes, and sale of property for delinquent taxes
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§1997. Filing of rolls, payment of taxes, and sale of property for delinquent taxes A. Beginning with the year 1963, on or before the fifteenth day of October of each year, copies of the rolls showing the final assessment of real and personal property shall be sent to the city an…
La. Rev. Stat. § 47:1997.1 Reimbursement of costs by governing bodies that receive ad valorem taxes; Orleans Parish
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§1997.1. Reimbursement of costs by governing bodies that receive ad valorem taxes; Orleans Parish A. Each tax recipient governing body that receives a portion of ad valorem taxes shall reimburse the director of finance for the city of New Orleans the cost of collections for ad va…
La. Rev. Stat. § 47:1998 Judicial review; generally
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§1998. Judicial review; generally A.(1)(a) Any taxpayer or bona fide representative of an affected tax-recipient body in the state dissatisfied with the final determination of the Louisiana Tax Commission under the provisions of R.S. 47:1989 shall have the right to institute suit…
La. Rev. Stat. § 47:1998.1 Power to employ counsel
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§1998.1. Power to employ counsel The Louisiana Tax Commission and any assessor who is a party to such proceedings instituted pursuant to this Subtitle are authorized to employ private counsel to assist in the collection of any taxes, penalties, or interest due under this Subtitle…
La. Rev. Stat. § 47:1999 §§1999, 2000
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§1999. §§1999, 2000. Repealed by Acts 1980, No. 601, §3, eff. July 23, 1980.
La. Rev. Stat. § 47:2 General definitions
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§2. General definitions For the purposes of this Title, unless the context clearly otherwise requires or unless otherwise defined in specific portions of this Title, the following words and phrases shall have the respective meanings ascribed to them in this Section: (1) "Oath" in…
La. Rev. Stat. § 47:201 Partnership informational return of income required; limitations on partner tax
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§201. Partnership informational return of income required; limitations on partner tax liability A. Except as otherwise provided in R.S. 47:201.2, a partnership shall not be subject to the income tax imposed by this Chapter, but a partnership shall be required to file an annual in…
La. Rev. Stat. § 47:201.1 Composite returns for nonresident partners or members
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§201.1. Composite returns for nonresident partners or members A.(1) Beginning January 1, 2001, each entity treated as a partnership for state income tax purposes which engages in activities in this state shall file composite returns and make composite payment of tax on behalf of …
La. Rev. Stat. § 47:201.2 Reporting adjustments to federal taxable income and federal partnership audit
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§201.2. Reporting adjustments to federal taxable income and federal partnership audit adjustments A. For purposes of this Section, the following words and phrases shall have the following meanings: (1) "Administrative adjustment request" means an administrative adjustment request…
La. Rev. Stat. § 47:202 Income of partner
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§202. Income of partner A. General rule. In determining his income tax, each partner shall take into account separately his distributive share, whether or not distributed, of the partnership's: (1) gains and losses from sales or exchanges of capital assets, (2) charitable contrib…
La. Rev. Stat. § 47:203 Partnership computations
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§203. Partnership computations A. Income and deductions. The taxable income of a partnership shall be computed in the same manner as in the case of an individual except that: (1) the items described in R.S. 47:202 A shall be separately stated, and (2) the following deductions sha…
La. Rev. Stat. § 47:204 Partner's distributive share
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§204. Partner's distributive share A. Effect of partnership agreement. A partner's distributive share of income, gain, loss, deduction, or credit shall, except as otherwise provided in this Section, be determined by the partnership agreement. B. Distributive share determined by i…
La. Rev. Stat. § 47:205 Determination of basis of partner's interest
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§205. Determination of basis of partner's interest A. General rule. The adjusted basis of a partner's interest in a partnership shall, except as provided in Subsection B of this Section, be the basis of such interest determined under R.S. 47:210 (relating to contributions to a pa…