reglab/housing_qa huggingface dataset:
LA Rev Stat § 47:287.654 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.654. Installment payments of estimated income tax by corporations

RS 287.654 - Installment payments of estimated income tax by corporations  A. Corporations required to pay estimated income tax. Every corporation subject to taxation under this Part shall make payments of estimated tax, as defined in Subsection C, during its taxable year, as provided in Subsection B, if its estimated tax for such taxable year can reasonably be expected to be one thousand dollars or more.  B. Payments in installments. Any corporation required under Subsection A to make payments of estimated tax, as defined in Subsection C, shall make such payments in installments as follows: If the requirements of The following percentages of the estimated Subsection A are first met: tax shall be paid on the 15th day of the-- 4th 6th 9th 12th month month month month (1) Before the 1st day of the 4th month of the taxable year 25 25 25 25 (2) After the last day of the 3rd month and before the 1st day of the 6th month of the taxable year 33 1/3 33 1/3 33 1/3 (3) After the last day of the 5th month and before the 1st day of the 9th month of the taxable year 50 50 (4) After the last day of the 8th month and before the 1st day of the 12th month of the taxable year 100 C. Estimated tax defined. The term "estimated tax" means the amount which a taxpayer estimates to be the tax imposed by this Part for the current period, less the amount which it estimates to be the sum of any credits allowable against the tax.  D. Recomputation of estimated tax. If, after paying any installment of estimated tax, the taxpayer makes a new estimate, the amount of each remaining installment, if any, shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased, as the case may be, by the amount computed by dividing:  (1) The difference between: (a) the amount of estimated tax required to be paid before the date on which the new estimate is made, and (b) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by  (2) The number of installments remaining to be paid on or after the date on which the new estimate is made.  E. Application to short taxable year. The application of this Section to taxable years of less than twelve months shall be as prescribed by the secretary.  F. Installments paid in advance. At the election of the corporation, any installment of the estimated tax may be paid before the date prescribed for its payment.  G. Payments of estimated income tax. Payment of the estimated income tax, or any installment thereof, shall be considered payment on account of the income taxes imposed by this Part for the taxable year.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.657 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.657. Estimated tax payments during the course of a federal audit

RS 287.657 - Estimated tax payments during the course of a federal audit  A corporation may make estimated payments to the department, following the process prescribed by the department, of the state tax expected to result from a pending Internal Revenue Service audit prior to the due date of the federal adjustments report. The estimated tax payments shall be credited against any corporation income tax liability ultimately found to be due to the state attributable to the federal adjustments report and shall limit the accrual of interest pursuant to R.S. 47:1601 on that amount. If the estimated tax payments exceed the final state tax liability attributable to the federal adjustments report the taxpayer is entitled to a refund, subject to the credit and offset provisions of R.S. 47:1622, provided the taxpayer files a federal adjustments report or claim for refund of an overpayment of tax pursuant to R.S. 47:1621 no later than one year following the final determination date. Interest pursuant to R.S. 47:1624 shall be computed and allowed only on estimated tax payments beginning ninety days after the taxpayer files a federal adjustments report or claim for refund of an overpayment of tax pursuant to R.S. 47:1621.  Acts 2021, No. 287, §1, eff. June 14, 2021.
LA Rev Stat § 47:287.659 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.659. Refunds and credits; general rules

RS 287.659 - Refunds and credits; general rules  Except as otherwise provided in this Part, all matters relating to the refunding or crediting of income taxes shall be governed by the provisions of Part V of Chapter 18 of this Subtitle.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.660 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.660. Overpayment of installment

RS 287.660 - 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 as provided in Part V of Chapter 18 of this Subtitle.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.662 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.662. Overpayment of income taxes applied to corporation franchise taxes for interest computation purposes

RS 287.662 - Overpayment of income taxes applied to corporation franchise taxes for interest computation purposes  The secretary may net any overpayment of income tax by a corporation against the corporation's franchise taxes for the purpose of determining the interest due under R.S. 47:1601.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.663 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.663. Overpayments arising from allowance of deductions for bad debts or worthless stock

RS 287.663 - 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 another year, the period of limitation prescribed in R.S. 47:1623 shall be extended for an additional period of two years, and the limitation on the amount of credit or refund provided in R.S. 47:1623 shall be suspended.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.664 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.664. Credits arising from refunds by utilities

RS 287.664 - 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 year paid or accrued, would result in a net loss, then in lieu of such deduction the utility may elect to take a credit against its Louisiana income tax in the amount of seventy-two percent of the income tax increase which was the sole result of the inclusion of the amount or amounts refunded in gross income in the year or years received irrespective of whether or not the period of limitation provided in R.S. 47:1623 has expired for the year in which the amount refunded was included in gross income. If this credit exceeds the income tax that would be due the state of Louisiana in the year of the refund, computed without the credit, then the excess of this credit may be carried over the following two taxable years.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2015, No. 125, §2, eff. July 1, 2015; Acts 2016, 1st Ex. Sess., No. 29, §2; Acts 2017, No. 400, §§1, 4, eff. June 26, 2017.
LA Rev Stat § 47:287.681 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.681. Administration

RS 287.681 - Administration  Except as specifically provided to the contrary in this Part, all matters pertaining to the administration of this Part shall be governed by the provisions of Chapter 18 of this Subtitle.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.682 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.682. Collection from transferee or fiduciary; procedure

RS 287.682 - Collection from transferee or fiduciary; procedure  A. 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 Part, shall be assessed, collected, and paid in the same manner and subject to the same provisions and limitations as in the case of the collection directly from the taxpayer.  B. In the absence of notice to the secretary under R.S. 47:287.683(B), the existence of a fiduciary relationship, notice of liability enforceable under this Section in respect of a tax imposed by this Part, if mailed to the person subject to the liability at his last known address, shall be sufficient for the purpose of this Part, even if such person is deceased or is under legal disability, or in the case of a corporation, has terminated its existence.  C. As used in this Section, the term "transferee" includes donee, heir, legatee, devisee, distributee, shareholder, or former shareholder of a dissolved corporation, successor of a corporation, a party to a reorganization defined in I.R.C. Section 368, and all other classes of distributees, including the transferee of a transferee.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.683 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.683. Notice of fiduciary relationship

RS 287.683 - Notice of fiduciary relationship  A. Fiduciary of taxpayer. Upon notice to the secretary 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 Part until notice is given that the fiduciary capacity has terminated.  B. Fiduciary of transferee. Upon notice to the secretary that any person is acting in a fiduciary capacity for a person subject to the liability specified in R.S. 47:287.682, the fiduciary shall assume, on behalf of such person, the powers, rights, duties, and privileges of such person under such Section, until notice is given that the fiduciary capacity has terminated.  C. Manner of notice. Notice under R.S. 47:287.683(A) or (B) shall be given in accordance with regulations prescribed by the secretary.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.702 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.702. Effect of Election Out of Federal Partnership Provisions

RS 287.702 - Effect of Election Out of Federal Partnership Provisions A. An election made pursuant to I.R.C. (26 USC) Section 761 to exclude an unincorporated organization from the application of all or part of Subchapter K of the Internal Revenue Code shall be binding upon the members of the unincorporated organization for purposes of computing the tax imposed by this Part. Whenever such an election is made, the unincorporated organization making the election shall not be treated as a partnership for purposes of this Part. B. Under no circumstances shall income from an unincorporated organization that has made the I.R.C. Section 761 election be treated as "income from partnerships" for purposes of this Part; rather, it shall be treated by a member of the unincorporated organization as income from the underlying property as co-owner of the property. The share of each item of income, gain, loss, deduction, or credit, realized or incurred by a member of such unincorporated organization that has made the I.R.C. Section 761 election shall be treated as follows: (1) The member shall be treated as directly realizing the member's share of items of gross income attributable to the unincorporated organization. (2) The member shall be treated as directly incurring the member's share of items of expense attributable to the unincorporated organization. (3) The member shall be treated as directly accruing items of credit attributable to the unincorporated organization. (4) The member shall treat the member's interest in each asset of the unincorporated organization as owned directly by the member. (5) The member shall treat the member's share of each liability as incurred directly by the member. Acts 2005, No. 351, §1, eff. for all taxable periods beginning after Dec. 31. 2004.
LA Rev Stat § 47:287.732.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.732.1. Qualified Subchapter S subsidiaries

RS 287.732.1 - Qualified Subchapter S subsidiaries A. Taxation of a qualified Subchapter S subsidiary. Except as provided in Subsection C of this Section, a corporation treated as a qualified Subchapter S subsidiary for purposes of the Internal Revenue Code shall be required to comply with this Part the same as any other corporation. The provisions of this Part shall apply as if the qualified Subchapter S subsidiary and its parent had been required to file income tax returns with the Internal Revenue Service as C corporations for the current and all prior taxable years in accordance with federal law. B. Special adjustments by the secretary. In addition to the authority granted by R.S. 47:287.480, whenever a qualified Subchapter S subsidiary does not qualify for the exclusion provided by Subsection C of this Section, the secretary may require combined or consolidated reports or returns as may be necessary to properly reflect the taxable income earned in Louisiana. This authority shall not limit the secretary's authority to require use of the separate accounting method as provided by R.S. 47:287.94 when the apportionment method produces a manifestly unfair result. C. Qualified Subchapter S subsidiary exclusion. An exclusion is allowed for corporations classified as qualified Subchapter S subsidiaries under federal law for the taxable year as follows: (1) In computing Louisiana taxable income pursuant to this Part, a qualified Subchapter S subsidiary may exclude all of its Louisiana net income for the taxable year, provided that the S corporation that owns the stock of the qualified Subchapter S subsidiary files a Louisiana income tax return that includes all of the income of the qualified Subchapter S subsidiary in computing its net income for the taxable year. (2) If the Louisiana taxable income of a qualified Subchapter S subsidiary qualifies for the exclusion provided in Paragraph (1) of this Subsection, the qualified Subchapter S subsidiary shall not be treated as a separate corporation, and all assets, liabilities, and items of income, deduction, credit, and any other items of the qualified Subchapter S subsidiary shall be treated as assets, liabilities, and items of income, deduction, credit, and other items of the corporation owning the stock of the qualified Subchapter S subsidiary. (3) If the Louisiana taxable income of a qualified Subchapter S subsidiary is excluded for the taxable year under Paragraph (1) of this Subsection, the S corporation that owns the stock of the qualified Subchapter S subsidiary may exclude the percentage of the qualified Subchapter S subsidiary's Louisiana net income for the taxable year as provided in R.S. 47:287.732(B). Acts 2002, No. 17, §1, eff. for taxable periods beginning after Dec. 31, 2002.
LA Rev Stat § 47:287.732.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.732.2. Election for S corporations and other flow-through entities

RS 287.732.2 - Election for S corporations and other flow-through entities  A.(1) Any S corporation or entity taxed as a partnership for federal income tax purposes may elect to be taxed and to comply with this Part in the same manner as if the entity had been required to file an income tax return with the Internal Revenue Service as a C corporation. S corporations that make this election shall not be eligible for the exclusion provided in R.S. 47:287.732.  (2) The election shall be made in writing and may be made at any time during the preceding taxable year, or at any time during the taxable year and on or before the fifteenth day of the fourth month after the close of the taxable year. The secretary may treat an election made after the fifteenth day of the fourth month after the close of the taxable year as timely made for the taxable year if the secretary determines that there was reasonable cause for the failure to make the election timely.  (3) The election shall be effective for the taxable year of the entity for which it is made and for all succeeding taxable years of the entity, until the election is terminated by the secretary.  (4)(a) An entity that has made an election pursuant to this Section may apply to the secretary for termination of the election if shareholders, partners, or members holding more than one-half of the ownership interest in the entity on the day on which the revocation is requested consent to the revocation request.  (b) The secretary may terminate an entity's election if the entity shows a material change in circumstances. A significant change in federal tax law may be considered by the secretary as a material change in circumstances.  B. Notwithstanding any provision of law to the contrary, the tax on the Louisiana taxable income of every entity that makes the election pursuant to this Section shall be computed at the rates of:  (1) One and eighty-five one hundredths percent upon the first twenty-five thousand dollars of Louisiana taxable income.  (2) Three and one-half percent upon the amount of Louisiana taxable income above twenty-five thousand dollars but not in excess of one hundred thousand dollars.  (3) Four and one-quarter percent upon the amount of Louisiana taxable income above one hundred thousand dollars.  C. Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.  D. The secretary may require the electronic filing of tax returns or reports filed by entities making an election pursuant to this Section.  E. Unless otherwise provided in this Section, the provisions of this Part shall apply to all entities making an election pursuant to this Section.  F. Any entity filing a composite partnership return pursuant to R.S. 47:201.1 is prohibited from making the election pursuant to this Section for the same tax year.  Acts 2019, No. 442, §1, eff. June 22, 2019; Acts 2021, No. 396, §§1, 2, eff. Jan.1, 2022.  NOTE: See Acts 2019, No. 442, re: applicability.
LA Rev Stat § 47:287.733 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.733. Corporations filing consolidated federal returns

RS 287.733 - Corporations filing consolidated federal returns  A. Except as otherwise provided in Subsection B of this Section, when a corporation is included with affiliates in a consolidated federal income tax return in accordance with federal law, the terms and provisions of this Part shall apply as if the corporation had been required to file an income tax return with the Internal Revenue Service on a separate corporation basis for the current and all prior taxable years, in accordance with federal law. Nothing in this Section shall be construed to allow a deduction for federal income tax on a separate corporation basis. B.(1) Notwithstanding the provisions of Subsection A, any gain recognized by the distributing corporation pursuant to Section 311(b) of the Internal Revenue Code, but deferred for federal income tax purposes pursuant to the regulations under Section 1502 of the Internal Revenue Code, relating to deferred intercompany transactions, shall also be deferred for purposes of this Part and shall be restored to income of the distributing corporation in the year it would be restored to a member of the affiliated group pursuant to the regulations under Section 1502 of the Internal Revenue Code. Except, such deferred income shall be restored to income of the distributing corporation and taxed if the distributing corporation is merged with another corporation, reorganized, or ceases to be liable for corporation income tax for any reason whatsoever. (2) In such case, for the purpose of determining gain or loss but for no other purposes, the adjusted basis of the distributee corporation in the property distributed to it by the distributing corporation shall be the distributing corporation's basis increased by the gain which would have been recognized but which is deferred pursuant to Paragraph B(1). (3) Notwithstanding any other provision of this Section for purposes of determining a deduction for depreciation or amortization, the basis of any property distributed pursuant to Paragraph B(2) shall be the same to the distributee corporation as it was to the distributing corporation. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1996, No. 42, §1, eff. for taxable periods beginning after Dec. 31, 1996.
LA Rev Stat § 47:287.734 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.734. Domestic International Sales Corporations (DISC's) and Foreign Sales Corporations (FSC's)

RS 287.734 - Domestic International Sales Corporations (DISC's) and Foreign Sales Corporations (FSC's)  A. The federal law classification Domestic International Sales Corporation (DISC) is not cognizable at law in this state. For the purposes of this Part, a DISC under federal law shall be taxed and required to comply with the law the same as any other corporation. A corporation which owns stock in, makes sales to, or otherwise uses the services of a corporation classified as a DISC under federal law may be required by the secretary to include a proportionate share of DISC income and deductions on its own return to clearly reflect its income for the taxable year.  B. The federal law classification Foreign Sales Corporation (FSC) is not cognizable at law in this state. For the purposes of this Part an FSC under federal law shall be taxed and required to comply with the law the same as any other corporation. A corporation which owns stock in, makes sales to, or otherwise uses the services of a corporation classified as an FSC under federal law may be required by the secretary to include a proportionate share of the FSC's income and deductions on its own return to clearly reflect its income for the taxable year.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.