Source: https://law.justia.com/codes/louisiana/2011/rs/title47/rs47-33/
Timestamp: 2020-02-28 10:28:46
Document Index: 587396619

Matched Legal Cases: ['§ 47', '§ 47', '§33', '§1', '§2', '§3']

LA Rev Stat § 47:33 :: RS 47:33 — Credit for taxes paid in other states :: 2011 Louisiana Laws :: US Codes and Statutes :: US Law :: Justia
Justia US Law US Codes and Statutes Louisiana Laws 2011 Louisiana Laws Revised Statutes TITLE 47 — Revenue and taxation RS 47:33 — Credit for taxes paid in other states
TITLE 47 — Revenue and taxation
RS 47:33 — Credit for taxes paid in other states
LA Rev Stat § 47:33 What's This?
§33. Credit for taxes paid in other states
(2) If accrued taxes when paid differ from the amounts claimed as credits by the taxpayer, or if any tax paid is refunded in whole or in part, the taxpayer shall notify the secretary who shall redetermine the amount of the tax for the year or years affected, and the amount of tax due upon such redetermination, if any, shall be paid by the taxpayer upon notice and demand by the secretary, or the amount of tax overpaid, if any, shall be credited or refunded to the taxpayer in accordance with the provisions of R.S. 47:261 et seq. In the case of such tax accrued but not paid, the secretary as a condition precedent to the allowance of this credit may require the taxpayer to give a bond with sureties approved by the secretary in such sum as the secretary may require, conditioned upon the payment by the taxpayer of any amount of tax found due upon any such redetermination, and the bonds herein prescribed shall contain such further conditions as the secretary may require.
(3) The credits provided for in this Section shall be allowed only for the same taxable period as that for which the tax liability to the other state arose, irrespective of the method of accounting employed by the taxpayer. No deduction shall be allowed under R.S. 47:55 for any net income taxes paid to another state if any portion of such tax has been claimed as a credit under this Section.
B. Terminated July 1, 2000. See Acts 1998, No. 53.
Amended by Acts 1950, No. 445, §1; Acts 1958, No. 169, §2; Acts 1968, No. 106, §3; Acts 1998, No. 53, §, eff. Aug. 15, 1998.
NOTE: THE PROVISIONS OF ACT NO. 53 OF THE 1998 R.S., WHICH PROVIDE THAT A CREDIT FOR INCOME TAXES, IMPOSED BY AND PAID TO ANOTHER STATE ON INCOME DERIVED FROM PROPERTY IS AVAILABLE IN THE TAXABLE YEAR IN WHICH THE TAXES ARE ACTUALLY PAID, SHALL BE EFFECTIVE UNTIL JULY 1, 2000.