Archive for December 28, 2010

RIB 11-004: 2011 Taxable Value for Refinery Gas

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 11-004, which announces the taxable value for refinery gas for state sales and use tax purposes for calendar year 2011.

Visit revenue.louisiana.gov to read the full text of RIB 11-004.

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RIB 11-003: 2011 Severance Tax Values for Timber Products

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 11-003, which establishes timber severance tax values for 2011.

Louisiana Revised Statute 47:633 imposes a severance tax on timber and pulpwood based on the current average stumpage market value determined annually on the second Monday of December by the Louisiana Forestry Commission and the Louisiana Tax Commission.

Visit revenue.louisiana.gov to read the full text of RIB 11-003.

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