reglab/housing_qa huggingface dataset:
LA Rev Stat § 47:605.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§605.1. Capital stock, surplus, and undivided profits

RS 605.1 - Capital stock, surplus, and undivided profits A. If a corporation's total debt to all related parties exceeds the capital stock and surplus and undivided profits of the corporation as determined under R.S. 47:604 and 605, then fifty percent of the amount of the excess shall be included in the capital stock and surplus and undivided profits of the corporation and excluded from debt. B. For purposes of this Section, "debt" shall not: (1) Include trade debt that is less than one hundred eighty days old, (2) Include deposit liabilities to related parties, or (3) Be reduced by receivables. C. For purposes of this Section, "related party" means any member of a controlled group of corporations as defined in 26 U.S.C. 1563, or any other person that would be a member of a controlled group if rules similar to those of 26 U.S.C. 1563 were applied to that person. Acts 2004, 1st Ex. Sess., No. 2, §1, eff. Jan. 1, 2006; Acts 2005, No. 355, §1, eff. Jan. 1, 2006, for taxable periods beginning after Dec. 31, 2005.
LA Rev Stat § 47:607 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§607. Railroad corporations

RS 607 - Railroad corporations  A. Incorporated in more than one state. Any railroad corporation incorporated under and by virtue of the laws of more than one state, shall compute its tax in the same manner as a foreign corporation.  B. Domestic railroad corporations with foreign subsidiaries. Any railroad corporation organized only under the laws of Louisiana and which, in whole or in part, operates, does business or owns property and assets outside of the state, either directly, or indirectly through one or more foreign subsidiary corporations, the capital stock, and funded debt of which to the extent of at least eighty per centum (80%) each is owned by the railroad corporation organized only under the laws of Louisiana, shall compute its tax as follows:  For the purpose of such computation the total of the property and assets of the corporation organized only under the laws of Louisiana, both within and without the state, shall include the property and assets of its foreign subsidiary or subsidiaries; the total volume of business done by the corporation, both within and without the state, shall include the volume of business done by its foreign subsidiary or subsidiaries; there shall be included in the report of the corporation a comparative consolidated balance sheet of the corporation and its foreign subsidiary or subsidiaries, as of the beginning and close of its last calendar year or fiscal year; and the entire issued and outstanding capital stock, surplus and undivided profits of the corporation shall be deemed to be the entire issued and outstanding capital stock, surplus and undivided profits, determined as herein provided, of the corporation and its foreign subsidiary or subsidiaries on the basis of their consolidated accounts.
LA Rev Stat § 47:609 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§609. Due date, payment, and reporting of tax

RS 609 - Due date, payment, and reporting of tax  A. The tax levied by this Chapter is for the annual accounting period, fiscal, or calendar year, regularly used by the taxpayer in keeping its books, with no proration for a portion of the year in the case of dissolution of domestic corporations or withdrawal from the state by foreign corporations, or where a corporation otherwise ceases to become taxable under this Chapter. The tax is due on the first day of each calendar or fiscal year and annually thereafter and is computed on the basis of the previous calendar or fiscal year closing. The tax is payable to the secretary on or before the fifteenth day of the fourth month following the month in which the tax is due. However, if the day on which the tax is payable falls on a Saturday, Sunday, or legal holiday, the tax shall be payable on the next business day. With its payment the taxpayer shall deliver to the secretary a full, accurate, and complete report and statement signed by a duly authorized official of the corporation, containing such information as the secretary may require.  B. If permission is granted to change the corporate accounting period as provided in R.S. 47:613, the corporation shall file a return for the period from the end of the twelve-month period for which the tax had become due to the first fiscal closing of the new accounting period. The tax to be paid in this case shall be based on the preceding fiscal closing and shall be computed by multiplying the ratio that the number of months from the closing date under the prior accounting period to the closing of the new accounting period bears to twelve, times the tax as computed on the yearly basis. Subsequent returns will be filed on the basis of the new accounting period in accordance with the provisions of this Section.  Acts 1991, No. 368, §1, eff. July 6, 1991; Acts 2005, 1st Ex. Sess., No. 27, §1, eff. Nov. 29, 2005; Acts 2008, 2nd Ex. Sess., No. 10, §2, eff. May 13, 2008, for taxable periods beginning on or after Jan. 1, 2011; Acts 2016, No. 661, §1, eff. June 17, 2016.
LA Rev Stat § 47:610 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§610. Repealed by Acts 1958, No. 437, §1

RS 610 - Repealed by Acts 1958, No. 437, §1
LA Rev Stat § 47:611 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§611. Newly taxable corporation

RS 611 - Newly taxable corporation NOTE: See HCR 66 of the 2020 R.S. and Acts 2020, 1st Ex. Sess., No. 15, regarding suspension of Subsection A.  A. Every corporation or other entity subject to the franchise tax shall pay only an initial tax of one hundred ten dollars in the first accounting period or fraction thereof in which it becomes subject to the tax levied herein. The tax is first due immediately on the corporation's becoming taxable under this Chapter and is payable on or before the fifteenth day of the fourth month after the month in which the tax is due. After the first closing of the corporate books, the tax is payable as provided in R.S. 47:609, subject to the minimum tax as provided in this Subsection.  B. Notwithstanding the provisions of this Section, the initial tax of an entity in existence and actually conducting business in Louisiana during its previous calendar or fiscal year shall be calculated pursuant to R.S. 47:609, based on its corporate books on the first day of the calendar or fiscal year in which the tax levied under this Chapter becomes due and shall be payable on or before the date otherwise required by this Section.  Acts 1991, No. 368, §1, eff. July 6, 1991; Acts 2009, No. 476, §1, eff. for taxable periods beginning after Jan. 1, 2010; Acts 2016, 1st Ex. Sess., No. 12, §2, eff. March 10, 2016; Acts 2018, No. 86, §1, eff. May 10, 2018; HCR 66, 2020 R.S.  NOTE: See Acts 2016, 1st Ex. Sess., No. 12, §3, regarding applicability.  NOTE: See Acts 2018, No. 86, §2, re: applicability.
LA Rev Stat § 47:612 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§612. Extension of time for filing return and paying tax

RS 612 - Extension of time for filing return and paying tax  The secretary may grant an extension of time for filing returns as provided for in R.S. 47:103(D) or R.S. 47:287.614(D).  Amended by Acts 1958, No. 437, §2; Acts 1985, No. 104, §1; Acts 1987, No. 136, §1, eff. June 18, 1987.  {{NOTE: SEE ACTS 1985, NO. 104, §2.}} {{NOTE: SEE ACTS 1987, NO. 136, §2.}}
LA Rev Stat § 47:613 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§613. Fiscal year defined; accounting period not to be changed

RS 613 - Fiscal year defined; accounting period not to be changed  "Fiscal year" as used in this Chapter, means an accounting period of twelve months ending on the last day of any month other than December. However, no fiscal year will be recognized, unless, before its close, it was definitely established as an accounting period by taxpayer and the books of such taxpayer were kept in accordance therewith. No accounting period shall be changed without the approval of the collector of revenue.
LA Rev Stat § 47:614 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§614. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.

RS 614 - Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
LA Rev Stat § 47:615 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§615. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.

RS 615 - Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
LA Rev Stat § 47:616 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§616. Franchise taxes by local governments prohibited

RS 616 - Franchise taxes by local governments prohibited  Parishes, cities and towns shall not levy a franchise tax on the corporations taxed under this Chapter.
LA Rev Stat § 47:617 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§617. Repealed by Acts 2016, 2nd Ex. Sess., No. 10, §2, eff. July 1, 2016.

RS 617 - Repealed by Acts 2016, 2nd Ex. Sess., No. 10, §2, eff. July 1, 2016.
LA Rev Stat § 47:618 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§618. Trucking company

RS 618 - Trucking company Notwithstanding any other provisions of this Chapter to the contrary, trucking companies which are not required to apportion income to this state because they do not meet the minimal nexus provisions of R.S. 47:287.95(C)(2) shall not be subject to the corporation franchise tax. Acts 1998, No. 26, §1, eff. June 24, 1998, applicable to taxable periods beginning on or after Jan. 1, 1999.
LA Rev Stat § 47:631 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§631. Imposition of tax

RS 631 - Imposition of tax Taxes as authorized by Article VII, Section 4 of the Constitution of Louisiana are hereby levied upon all natural resources severed from the soil or water, including all forms of timber, including pulp woods, turpentine, and other forest products; minerals such as oil, gas, natural gasoline, distillate, condensate, casinghead gasoline, sulphur, salt, coal, lignite, and ores; marble, stone, sand, shells, and other natural deposits; and the salt content in brine. Acts 1997, No. 40, §1.
LA Rev Stat § 47:632 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§632. Taxes payable by owners; lien and privilege created

RS 632 - Taxes payable by owners; lien and privilege created  A. These taxes shall be paid by the owner or proportionately by the owners thereof at the time of the severance and become due and exigible monthly, as herein provided; they shall operate as a first lien and privilege on the natural resources which lien and privilege shall follow the natural resources into the hands of third persons whether in good or bad faith, and whether the same be found in a manufactured or unmanufactured state. In addition, oil and gas leases, interests and minerals, mineral rights, royalty interests, timber contracts, and rights of any kind to the ownership of any natural resource severed from the soil or water, shall be subject to seizure and sale for the payment of the tax levied in this Part in preference to all other claims, liens, and privileges.  B. These taxes shall not be due or owed by any political subdivision of the state if the natural resource severed was owned and severed by that political subdivision for its own use.  Acts 1988, No. 594, §1, eff. July 1, 1988.
LA Rev Stat § 47:633.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§633.1. Repealed by Acts 2002, No. 12, §1, eff. June 7, 2002.

RS 633.1 - Repealed by Acts 2002, No. 12, §1, eff. June 7, 2002.
LA Rev Stat § 47:633.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§633.2. Transfer of funds to royalty road or royalty fund

RS 633.2 - Transfer of funds to royalty road or royalty fund  Each month the collector of revenue shall transfer to the register of state lands from current severance tax collections for credit to the royalty road fund an amount equal to the increased severance tax levied on resources severed from state owned lands and mineral leases, provided, however, that the amount transferred by the collector of revenue shall not include revenues paid to the register of state lands as a result of tax reimbursements provided by contract or otherwise, and shall not exceed an amount in excess of decreased revenues to the royalty road fund as a result of Act No. 5 of the Extra Session of 1973 and Act No. 6 of the Extra Session of 1973.1 After January 1, 1975, the register of state lands shall transfer such funds to the governing authority of the parish entitled thereto under Article VII, Section 4(e) of the Louisiana Constitution becoming effective at midnight December 31, 1974.  The chairman of the mineral board shall certify, each month, to the collector of revenue the amount of net loss to the royalty road fund or to the royalty fund due to the tax increases provided in Act No. 5 of the Extra Session of 1973 and Act No. 6 of the Extra Session of 1973.  Nothing contained herein shall be construed to affect in any way whatsoever any other provisions of R.S. 47:633(7).  Added by Acts 1974, No. 716, §1. 1Acts 1973, Ex.Sess. No. 5 amended R.S. 47:633(9) and enacted R.S. 47:633.1. Acts 1973, Ex.Sess. No. 6 amended R.S. 47:633(7) and (8).
LA Rev Stat § 47:633.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§633.3. Establishment of timber conversion factor

RS 633.3 - Establishment of timber conversion factor  The Louisiana Forestry Commission and the Louisiana Tax Commission shall meet as provided for in R.S. 47:633(l) and (2) to determine the market value of trees, timber, and pulpwood and shall establish conversion tables to be used for converting board feet and cords to tons for the purpose of assessing the severance tax on those natural resources. The conversion factors used in establishing the conversion tables shall be reviewed annually by the Louisiana Forestry Commission and the Louisiana Tax Commission and revised when deemed necessary by both commissions. By December 31, 1992, a weight study shall have been completed to revise, if necessary, conversion tables in effect on that date, which are used for converting board feet and cords to tons for the purpose of assessing the severance tax on those natural resources.  Acts 1991, No. 629, §1.
LA Rev Stat § 47:633.5 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§633.5. Produced water injection incentive

RS 633.5 - Produced water injection incentive A. The office of water resources of the Department of Environmental Quality was directed by R.S. 30:2074(C) to act in conjunction with the Department of Natural Resources to conduct a risk analysis of the discharge of produced waters, excluding cavern leach waters, from oil and gas activities onto the ground and into the surface waters in the coastal wetlands of the state, and to examine the environmental risks and the economic impact on the oil and gas industry if the discharge was to be prohibited. The risk analysis was not properly conducted as directed, however, and the Department of Environmental Quality did in fact prohibit the discharge of produced water into the surface waters of the state by rules promulgated and which became effective on March 20, 1991. B. In order to help accomplish the objective of reducing the discharge of produced water, and to help ease the tremendous financial burden placed upon the oil and gas industry, it is the purpose of this Section to provide an economic incentive to producers of oil and gas by allowing them to realize a severance tax savings if they inject produced water into an oil and gas reservoir, from the same reservoir and field, for the purpose of increasing the recovery of hydrocarbons therefrom. C. In order to accomplish the purpose set forth in this Section, the severance tax otherwise due on oil and gas shall be reduced as follows: (1) On the recovery of oil, when produced water is injected into an oil reservoir for the purpose of increasing recovery, the severance tax on one barrel of oil incrementally produced therefrom shall be reduced by twenty percent of the tax that otherwise would be due. (2) On the recovery of gas, when produced water is injected into a gas reservoir for the purpose of increasing recovery, the severance tax on one thousand cubic feet of gas incrementally produced therefrom shall be reduced by twenty percent of the tax that otherwise would be due. D. The assistant secretary of the office of conservation and the secretary of the Department of Revenue shall jointly adopt rules, regulations, and orders for the proper administration of this Section. E. In no event shall the reduction of severance tax apply to or reduce that portion of severance taxes attributable to and dedicated to the parishes in accordance with Article VII, Section 4 (B) and (D) of the Constitution of Louisiana. Acts 1991, No. 625, §1, eff. July 17, 1991; Acts 1998, No. 67, §1.
LA Rev Stat § 47:634 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§634. Definitions

RS 634 - Definitions  The following terms as used in this Part shall have the following meanings ascribed to them:  (1) "Owner" means owner at the time of severance.  (2) "Purchases on the open market" means purchases made in the absence of any contract or agreement requiring the purchaser to make payment direct to the owner of oil, gas or other natural resources.  (3) "Severed" means the point at which the natural resources are severed from the surface of the earth or water.
LA Rev Stat § 47:636 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§636. Severers required to withhold taxes from royalty payments

RS 636 - Severers required to withhold taxes from royalty payments  Every person actually engaged in severing oil, gas, or other natural resources from the soil or water, or actually operating oil or gas property, or other property from which natural resources are severed, under contracts or agreements requiring payment direct to the owners of any royalty interest, excess royalty, or working interest, either in money or in kind, shall deduct from any amount due, or from anything due, the amount of the tax herein levied before making such payments.
LA Rev Stat § 47:637 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§637. Severers not required to withhold tax where it is withheld by purchasers

RS 637 - Severers not required to withhold tax where it is withheld by purchasers  When any person actually engaged in severing oil or gas, or other natural resources from the soil or water, under contracts or agreements requiring payments direct to any owner of the proportionate share of such natural resource, as set out in R.S. 47:636, sells the oil or gas or other natural resource to another person, under contracts or agreements requiring the purchaser to pay the owners of the natural resources direct, then the person actually severing the natural resources from the soil or water, or actually operating the oil or gas property, may not be required to deduct the tax herein levied, but in that event the deduction shall be made by the purchaser before making payments to each owner; but nothing herein shall be construed as releasing the person severing the products from liability for the payment of the taxes.
LA Rev Stat § 47:638 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§638. Purchasers required to withhold taxes

RS 638 - Purchasers required to withhold taxes  Every person purchasing oil, gas or any other natural resource severed from the soil or water, under contracts or agreements requiring the purchaser to make payment direct to the owners of the oil, gas or other natural resources, shall deduct from any amount due any owner the amount of the tax levied by this Part before making such payments.  Every person purchasing on the open market oil, gas or any other natural resource severed from the soil or water upon which the tax levied by this Part has not been paid shall deduct from any amount due the seller the amount of tax levied by this Part before making payment.  Every person purchasing oil, gas, or any other natural resource severed from the soil or water, upon which a tax is levied by this Part, who fails to deduct and withhold the amount of taxes due as required by this Section, shall be liable to the state for the full amount of taxes, interest, and penalties that should have been deducted or withheld under the provisions of this Part, and remitted to the state by the purchaser.  All persons required to deduct from amounts due to others the tax herein levied shall file with the collector, and with the tax collector of the parish where the natural resources are severed the reports herein required, and shall at the same time pay to the collector of revenue the amount of the tax deducted or withheld, or the amount of taxes and interest due if not deducted or withheld, under the provisions of this Part; but nothing herein shall be construed as releasing the person severing the natural resources from the liability for the payment of the taxes.  Amended by Acts 1950, No. 449, §1.
LA Rev Stat § 47:639 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§639. Withholding and payment of taxes where title of property is in dispute

RS 639 - Withholding and payment of taxes where title of property is in dispute  Whenever the title to any natural resources being severed from the soil or water is in dispute, or whenever the purchaser thereof or any person engaged in severing natural resources from the soil or water, or in the actual operation of oil or gas property, is withholding payments on account of litigation, or for any other reason, the purchaser of natural resources severed from the soil or water, or person actually engaged in severing such natural resources from the soil or water, or the actual operation of oil or gas properties, shall deduct from the gross amount thus held the amount of the tax herein levied, and remit the same to the collector.
LA Rev Stat § 47:641 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§641. Delinquent tax

RS 641 - Delinquent tax  The tax provided by this Part shall become delinquent after the date fixed for each monthly report to be filed in the office of the collector, and from such time shall be subject to the addition of interest, penalties, and costs as provided in Chapter 18, Subtitle II of this Title.1  Amended by Acts 1958, Ex.Sess., No. 2, §5. 1R.S. 47:1501 et seq.
LA Rev Stat § 47:642 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§642. Failure to file reports

RS 642 - Failure to file reports  A. If any person, whether the person be a severer or purchaser, fails to make a report of the gross production and value of its natural products upon which the severance tax is herein levied within the time and in the manner prescribed, there shall be imposed upon that person a specific penalty of two hundred fifty dollars for each reporting period, in addition to any other penalties provided.  B. The imposition of the penalty imposed in this Section shall not be construed as releasing the severer or purchaser from paying to the secretary the amount of tax that may be owed, deducted, or withheld by that person under this Part.  Acts 1986, No. 536, §1, eff. July 2, 1986.