BATON ROUGE – Officials on Thursday urged Louisiana property owners to claim rebates from assessments from the Louisiana Citizens Property Insurance Corporation (Citizens). Louisiana Commissioner of Insurance Jim Donelon joined Louisiana Department of Revenue (LDR) Deputy Assistant Secretary Gary Matherne and LDR Customer Service Director Kent LaPlace in suggesting that those eligible for rebates claim them while filing their taxes for 2011.
“If property owners have not yet claimed their Citizens rebate,” Donelon said, “tax time is certainly a good time to do it.”
The best way to file a claim “is to claim the rebate as a tax credit on your Louisiana Individual Income Tax Return,” Matherne said. He cautioned property owners not to claim the rebate on both the tax return and a Department of Revenue form that can be used for the same purpose, as it could delay the refund.
Matherne also recommended that those who pay the Citizens assessment on more than one property submit a single rebate form for all properties each year, rather than a separate rebate for each property.
It is still possible for property owners to claim rebates for assessments paid in 2008, 2009, 2010, and 2011. Over the past two years, $154 million in rebates, or 54% of the total available, went unclaimed, Donelon said.
For more information, visit www.revenue.louisiana.gov/citizens.