New RIBs

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The Louisiana Department of Revenue has issued the following new Revenue Information Bulletins (RiBs):

RIB 12-019 - Annual State Sales Tax Holiday for Purchases of Hurricane-Preparedness Items Scheduled May 26 and 27, 2012:

Louisiana Revised Statute 47:305.58 provides for an annual state sales tax holiday on sales made on the last Saturday and Sunday of each May for hurricane-preparedness items or supplies. The sales tax holiday for 2012 will begin at 12:01 a.m. on Saturday, May 26, 2012, and will conclude at 11:59 p.m. on Sunday, May 27, 2012. The sales tax holiday applies only to the four percent state sales tax and is not applicable to local sales tax as provided in La. R.S.47:337.8(B)(1).

RIB 12-020 - Repeal of Revenue Information Bulletin No. 09-005:

The Department is repealing Revenue Information Bulletin No. 09-005, which addresses Individual Income Tax Filing Extensions, and is replacing it with Revenue Information Bulletin 12-021 which sets forth the new provisions for requesting a state individual income tax filing extension. Revenue Information Bulletin 12-021 is available on the Department’s Website.

RIB 12-021 – Individual Income Filing Extensions:

Individual taxpayers who need additional time to file their Louisiana individual income tax returns will need to either request a specific state individual income tax filing extension or request an extension via an electronic application.

Regardless of which option is used, all extension requests must be made on or before the return’s due date. The return’s due date is May 15th for calendar year filers, and the 15th day of the fifth month following the close of the taxable year for fiscal year filers.

RIB 12-022 – Repeal of Revenue Information Bulletin No. 09-055:

The Department is repealing Revenue Information Bulletin No. 09-055, which addresses Corporation Income and Franchise Tax Filing Extensions, and is replacing it with Revenue Information Bulletin 12-023 which sets forth the new provisions for requesting a corporation income and franchise tax filing extension. Revenue Information Bulletin 12-023 is available on the Department’s Website.

RIB 12-023 – Corporation Income and Franchise Tax Filing Extensions:

Beginning with corporation income and franchise tax returns due on or after January 1, 2012, corporate taxpayers who need additional time to file their Louisiana corporation income and franchise tax returns will need to request a specific state filing extension, or request an extension via an electronic application.

Regardless of which option is used, all extension requests must be made on or before the return’s due date. The return’s due date is April 15th for calendar year filers, and the 15th day of the fourth month following the close of the taxable year for fiscal year filers.

Click the links to read the full texts of these RIBs.

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