Title 47, Revenue and Taxation
0 chapters · 2,663 sections in this title.
La. Rev. Stat. § 47:2607 Penalties
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§2607. Penalties A. No dealer may possess any marijuana or controlled dangerous substance upon which a tax is imposed by this Part. In addition to any other criminal penalties, if a dealer possesses any marijuana or controlled dangerous substance upon which the tax has not been p…
La. Rev. Stat. § 47:2608 Seizure and forfeiture of property
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§2608. Seizure and forfeiture of property A. All of the property of a dealer who in violation of this Part has failed to pay the required tax is subject to seizure and forfeiture as provided in R.S. 32:1550 et seq. For purposes herein, property shall include but not be limited to…
La. Rev. Stat. § 47:2609 Distribution of proceeds; formula
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§2609. Distribution of proceeds; formula A. Subject to the exceptions contained in Article VII, Section 9(A) of the Constitution of Louisiana, all proceeds, penalties, and interest received from the tax imposed under the provisions of this Part shall be paid into the state treasu…
La. Rev. Stat. § 47:261 Refunds and credits; general rules
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§261. Refunds and credits; general rules Except as otherwise provided in this Subpart, all matters relating to the refunding or crediting of income taxes shall be governed by the provisions of Chapter 18, Part V of this Subtitle.* *R.S. 47:1621 to 47:1627.
La. Rev. Stat. § 47:2610 Exceptions
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§2610. Exceptions Nothing in this Part requires persons lawfully in possession of marijuana or a controlled dangerous substance to pay the tax required under this Part. Acts 1990, No. 90, §1, eff. Jan. 1, 1991.
La. Rev. Stat. § 47:2611 §§2611 to 2616 Repealed by Acts 1968, No
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§2611. §§2611 to 2616 Repealed by Acts 1968, No. 105, §5, eff. Jan. 1, 1969.
La. Rev. Stat. § 47:262 Overpayment of installment
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§262. Overpayment of installment If the taxpayer has paid as an installment of tax more than the amount determined to be the correct amount of such installment, the overpayment shall be credited against the unpaid installments, if any, and any excess shall be credited or refunded…
La. Rev. Stat. § 47:263 Overpayment arising from renegotiation of war contract
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§263. Overpayment arising from renegotiation of war contract Whenever the computation for any taxable year ending on or after September 1, 1940, of any tax imposed by this Chapter, includes profits, gains or income from a contract or contracts with the United States or any depart…
La. Rev. Stat. § 47:264 Overpayments arising from allowance of deductions for bad debts or worthless stock
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§264. Overpayments arising from allowance of deductions for bad debts or worthless stock In the case of an overassessment which arises from the allowance of a deduction for a bad debt or worthless stock which has not been claimed and allowed on a return of the taxpayer for anothe…
La. Rev. Stat. § 47:265 Credits arising from refunds by utilities
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§265. Credits arising from refunds by utilities Whenever a utility refunds to its customers, pursuant to an order of a court or regulatory agency as a result of the denial of a proposed rate increase, an amount or amounts which, if taken as a deduction from gross income in the ye…
La. Rev. Stat. § 47:2651 Imposition of tax
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§2651. Imposition of tax There shall be a tax levied upon all sales of property at public auction to be imposed and collected as provided in Title 5.
La. Rev. Stat. § 47:2701 Imposition of tax
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§2701. Imposition of tax There shall be a tax levied on all sweet potatoes shipped in the state to be imposed and collected as provided in Title 3.
La. Rev. Stat. § 47:2751 §§2751 to 2759 [Expired]
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§2751. §§2751 to 2759 [Expired]
La. Rev. Stat. § 47:2801 Repealed by Acts 1980, No
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§2801. Repealed by Acts 1980, No. 140, §1.
La. Rev. Stat. § 47:281 Administration; general
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§281. Administration; general Except as specifically provided to the contrary in this Chapter, all matters pertaining to the administration of this Chapter shall be governed by the provisions of Chapter 18 of this Subtitle.* *R.S. 47:1501 et seq.
La. Rev. Stat. § 47:282 Collection from transferee or fiduciary; procedure
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§282. Collection from transferee or fiduciary; procedure The liability, at law or in equity, of a transferee of property of a taxpayer, in respect of the tax (including interest, additional amounts, and additions to the tax provided by law) imposed upon the taxpayer by this Chapt…
La. Rev. Stat. § 47:283 Notice of fiduciary relationship
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§283. Notice of fiduciary relationship A. Fiduciary of taxpayer. Upon notice to the collector that any person is acting in a fiduciary capacity, such fiduciary shall assume powers, rights, duties, and privileges of the taxpayer in respect of a tax imposed by this Chapter (except …
La. Rev. Stat. § 47:284 Repealed by Acts 1998, No
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§284. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
La. Rev. Stat. § 47:285 Disposition of collections
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§285. Disposition of collections Except as otherwise provided in R.S. 47:284, all monies collected by the secretary under this Chapter, and all interest and penalties thereon, shall be paid to the state treasurer immediately upon receipt and shall be credited to the state general…
La. Rev. Stat. § 47:285.1 Repealed by Acts 1973, Ex.Sess., No
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§285.1. Repealed by Acts 1973, Ex.Sess., No. 8, §2.
La. Rev. Stat. § 47:287.11 Tax imposed
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§287.11. Tax imposed A. There shall be levied, collected, and paid for each taxable year a tax upon the Louisiana taxable income of corporations and other entities taxed as corporations for federal income tax purposes, which entities shall be considered to be corporations for the…
La. Rev. Stat. § 47:287.12 Rates of tax
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§287.12. Rates of tax For taxable years beginning on or after January 1, 2025, the tax to be assessed, levied, collected, and paid upon the Louisiana taxable income of every corporation shall be computed at the rate of five and one-half percent. Acts 1986, 1st Ex. Sess., No. 16, …
La. Rev. Stat. § 47:287.2 Short title
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§287.2. Short title This Act shall be known as and may be cited as the "Louisiana Corporation Income Tax Act". Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
La. Rev. Stat. § 47:287.3 §§287.3 - 287.10
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§287.3. §§287.3 - 287.10. (Blank)
La. Rev. Stat. § 47:287.34 Repealed by Acts 2005, No
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§287.34. Repealed by Acts 2005, No. 268, §2, eff. for credits earned or claimed for income tax years beginning after Dec. 31, 2004, and franchise tax years beginning after Dec. 31, 2005.
La. Rev. Stat. § 47:287.441 Accounting periods, methods of accounting, and adjustments
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§287.441. Accounting periods, methods of accounting, and adjustments For purposes of determining the period in which to include items of gross income, determining the period in which deductions should be taken, and computing net income under this Part, a corporation shall use the…
La. Rev. Stat. § 47:287.442 Exceptions to taxable year of inclusion; taxable year deductions taken
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§287.442. Exceptions to taxable year of inclusion; taxable year deductions taken A. Notwithstanding the provisions of R.S. 47:287.441, if any item of income has been reported in a return and has borne tax in full for a period in which it was not properly reportable, the taxpayer …
La. Rev. Stat. § 47:287.443 Effective dates, taxable year, 52-53 week year
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§287.443. Effective dates, taxable year, 52-53 week year In any case in which the effective date or the applicability of any provision of this Part is expressed in terms of taxable years beginning or ending with reference to a specified date which is the first or last day of a mo…
La. Rev. Stat. § 47:287.444 Returns for a period of less than twelve months, special tax computation
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§287.444. Returns for a period of less than twelve months, special tax computation A. When a separate return for a period of less than twelve months is required by law, or permitted by the secretary pursuant to this Part, Louisiana taxable income of a corporation shall be compute…
La. Rev. Stat. § 47:287.445 Special adjustment for long-term contracts
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§287.445. Special adjustment for long-term contracts A. General. Notwithstanding any provision to the contrary in this Chapter, any corporation that uses the percentage of completion method prescribed in 26 U.S.C.A. §460 shall upon completion of the contract, or, with respect to …
La. Rev. Stat. § 47:287.480 Special adjustments by the secretary
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§287.480. Special adjustments by the secretary Notwithstanding any other provisions of this Part to the contrary, the secretary is authorized to require the use of inventories and to allocate income and deductions among taxpayers and require such returns as follows: (1) Inventori…
La. Rev. Stat. § 47:287.501 Exemption from tax on corporations
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§287.501. Exemption from tax on corporations A. General rule. An organization described in I.R.C. Sections 401(a) or 501 shall be exempt from income taxation under this Part to the extent such organization is exempt from income taxation at federal law, unless the contrary is expr…
La. Rev. Stat. § 47:287.521 Farmers' cooperatives; all cooperatives
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§287.521. Farmers' cooperatives; all cooperatives A. Farmers' cooperatives. An organization described under federal law as a farmer's cooperative shall be exempt from income taxation under this Part to the extent such organization is exempt from income tax at federal law. B. All …
La. Rev. Stat. § 47:287.526 Shipowners' protection and indemnity associations
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§287.526. Shipowners' protection and indemnity associations There shall not be included in gross income the receipts of shipowners' mutual protection and indemnity associations which are not organized for profit and no part of the net earnings of which inures to the benefit of an…
La. Rev. Stat. § 47:287.527 Political organizations
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§287.527. Political organizations A. A political organization as defined under federal law shall be subject to taxation under this Part as provided in this Section. B. A political organization shall be taxed under this Part on its Louisiana taxable income. C. For purposes of this…
La. Rev. Stat. § 47:287.528 Homeowners' associations
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§287.528. Homeowners' associations A. A homeowner's association as defined under federal law shall be subject to taxation under this Part as provided in this Section. B. A homeowner's association shall be taxed under this Part on its Louisiana taxable income. C. For purposes of t…
La. Rev. Stat. § 47:287.601 Notice or regulations requiring records, statements, and special returns
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§287.601. Notice or regulations requiring records, statements, and special returns Every person liable for any tax imposed by this Part, or for the collection thereof, shall keep such records, render such statements, make such returns, and comply with such rules and regulations a…
La. Rev. Stat. § 47:287.61 Gross income defined
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§287.61. Gross income defined "Gross income" of a corporation means the same items and the same dollar amount required by federal law to be reported as gross income on the corporation's federal income tax return for the same taxable year, subject to the modifications specified in…
La. Rev. Stat. § 47:287.611 General requirement of return, statement, or list
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§287.611. General requirement of return, statement, or list Any person made liable for the tax imposed by this Part shall make a return or statement according to the forms and regulations prescribed by the secretary. Every person required to make a return or statement shall inclu…
La. Rev. Stat. § 47:287.612 Corporation returns
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§287.612. Corporation returns Every corporation subject to taxation under this Part shall make a return stating specifically the items of its gross income and the deductions and credits allowed under this Part. The return shall be verified or shall contain a written declaration b…
La. Rev. Stat. § 47:287.613 Alternative forms and instructions
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§287.613. Alternative forms and instructions In addition to the returns authorized and required in this Part the secretary is authorized to prescribe such alternative forms and instructions as he deems practicable for the purpose of simplifying compliance. Such forms and instruct…
La. Rev. Stat. § 47:287.614 Time and place for filing returns; information concerning federal return;
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§287.614. Time and place for filing returns; information concerning federal return; extension of time to file A.(1) Returns made on the basis of the calendar year shall be made and filed with the secretary at Baton Rouge, Louisiana, on or before the fifteenth day of May following…
La. Rev. Stat. § 47:287.621 Failure to file; penalty
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§287.621. Failure to file; penalty The intentional failure to file a return with the secretary in accordance with the requirements of this Part and within the time periods specified in R.S. 47:287.614 shall be punished by a fine of not more than five hundred dollars or by impriso…
La. Rev. Stat. § 47:287.623 Period covered by returns or other documents
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§287.623. Period covered by returns or other documents When not otherwise provided for by this Part, the secretary may prescribe the period for which, or the date as of which, any return, statement, or other document required by this Part shall be made. Acts 1986, 1st Ex. Sess., …
La. Rev. Stat. § 47:287.625 Computations on returns or other documents
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§287.625. Computations on returns or other documents A. Amounts shown on Department of Revenue forms. The secretary is authorized to provide, with respect to any amount required to be shown on a form prescribed for any return, statement, or other document, that if such amount of …
La. Rev. Stat. § 47:287.627 Identifying number; information
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§287.627. Identifying number; information A. Inclusion of identifying numbers in returns. Any corporation required under the authority of this Part to make a return, statement, or other document shall include in such return, statement, or other document such identifying number as…
La. Rev. Stat. § 47:287.63 Allowable deductions defined
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§287.63. Allowable deductions defined "Allowable deductions" for a taxable year means the deductions from federal gross income allowed by federal law in the computation of taxable income of a corporation for the same taxable year, subject to the modifications specified in this Pa…
La. Rev. Stat. § 47:287.641 Due date of tax
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§287.641. Due date of tax The tax imposed by this Part shall be due in each case on the day next following the last day of each taxable year. The filing of returns and payment of taxes shall be as provided in this Part. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
La. Rev. Stat. § 47:287.65 Net income defined
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§287.65. Net income defined "Net income" of a corporation for a taxable year means the taxable income of the corporation computed in accordance with federal law for the same accounting period and under the same method of accounting, including statutorily required accounting adjus…
La. Rev. Stat. § 47:287.651 Payment of tax
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§287.651. Payment of tax A. Time of payment. (1) The total amount of tax on a calendar year return imposed by this Part shall be paid on the fifteenth day of May following the close of the calendar year, or, if a calendar year return is filed before said due date, then the tax sh…