Archive for August 22, 2012

Rule: Payment of Sales and Use Taxes by Persons Constructing, Altering, or Repairing Immovable Property

The Louisiana Department of Revenue has adopted a rule regarding LAC 61:I.4372, Payment of Sales and Use Taxes by Persons Constructing, Altering, or Repairing Immovable Property.

To read the text of this rule, visit revenue.louisiana.gov.

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Rule: Certain Self-Propelled Vehicles Removed from Inventory

The Louisiana Department of Revenue has adopted a rule regarding LAC 61:I.4415, Certain Self-Propelled Vehicles Removed from Inventory:

Under the authority of R.S. 47:1511, and in accordance with the provisions of the Administrative Procedure Act, R.S. 49:950 et seq., the Department of Revenue, Policy Services Division, repeals LAC 61:I.4415, which provides criteria for determining whether sales or use tax is due upon items of equipment described in R.S. 47:305.22. That statute was repealed by Act 2005, No. 413, so the Rule no longer serves any purpose.

To read the full text of this rule, visit revenue.louisiana.gov.

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Notice of Intent: Income Tax Credits for Wind or Solar Energy Systems

The Louisiana Department of Revenue has posted the Notice of Intent for a proposed rule regarding LAC 61:I.1907, Income Tax Credits for Wind or Solar Energy Systems.

The proposed rule accomplishes the following:

  • Clarifying the meaning of the term “energy system.”
  • Clarifying the definitions of residential sites where energy systems are installed
  • Clarifying the items eligible for reimbursement
  • Ensuring a credit cannot be claimed by both homeowner and installer on the same installation
  • Clarifying the costs that can be used to calculate the credit
  • Requiring itemized lists of equipment costs and installation costs

To read the full text of the Notice of Intent, visit revenue.louisiana.gov.

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