Louisiana Administrative Code › Title 7 - AGRICULTURE AND ANIMALS › Part XXXI - Milk, Milk Products and Substitutions › Chapter 5 - Tax Credit for Certain Milk Producers › Section XXXI-503 - Definitions

Current through Register Vol. 50, No. 6, June 20, 2024
Announced Production Price
-the average of
				  the production price of milk for the three years immediately preceding the
				  calendar year for which tax credits may be given.
Certified Milk Producer
-a milk producer who
				  has been certified as such to the Department of Revenue by the Department of
				  Health and Hospitals in accordance with
				  R.S.
				  47:6026(E).
Commissioner
-the Louisiana Commissioner of
				  Agriculture and Forestry or his designee.
Federal Milk Market Order (FMMO)
-a
				  regulation issued by the United States secretary of agriculture specifying
				  minimum prices and conditions for the purchase of milk from dairy farmers
				  within a specified geographic area.
Information Release Form
-a form entitled
				  Authorization to Release Information which authorizes the milk market
				  administrator or other persons to release information held by the administrator
				  or other person relative to that milk producer.
LDAF
-the Louisiana Department of Agriculture
				  and Forestry or its designee.
Milk Handler
-the person, including a dairy
				  cooperative, who collects or receives a milk producer's milk directly from the
				  milk producer's dairy.
Milk Market Administrator
-the market
				  administrator of the FMMO that covers this state.
Milk Producer
-a resident taxpayer of the
				  State of Louisiana who is engaged in the business of producing milk in this
				  state from his own cows.
Non-Pooled Milk
-milk that is produced in
				  Louisiana for sale but is not included in milk production records maintained by
				  the milk market administrator. Examples of non-pooled milk include milk pooled
				  on FMMOs that do not cover this state, milk that has been sold but not pooled
				  on any FMMO, and milk that had to be dumped or destroyed for legitimate
				  reasons.
Non-Pooled Milk Form
-a form or list entitled
				  "non-pooled milk production certification" submitted by a milk producer or milk
				  handler showing the amount of non-pooled milk produced by a milk producer for a
				  year for which the credit is applied for.
Production Price
-an annual price derived by
				  averaging over 12 months the monthly sum of the market balancing factor, (which
				  is the monthly arithmetic difference between the average of the sums of the
				  uniform prices plus the associated transportation costs of moving milk from its
				  export points of origin to New Orleans, Louisiana less the monthly uniform
				  price in the FMMO that covers this state), plus the cost of milk production in
				  this state as determined by the LSU Agricultural Center's Department of
				  Agricultural Economics and Agribusiness.
Tax Credit
-the milk producer refundable tax
				  credit established by
				  R.S.
				  47:6032.
Uniform Price
-the weighted average price
				  established in the FMMO covering this state.
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S.
				  3:2(A) and
				  R.S.
				  47:6032(B).