Revenue Information Bulletin 13-029: Electronic Filing Extensions for Composite Returns

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 13-029: Electronic Filing Extensions for Composite Returns:

Beginning with returns due on or after May 15, 2014, partnerships that file composite tax returns are required to submit their request for a filing extension electronically. All extension requests must be made on or before the return’s due date.

Extension Requests

Extensions may be requested by requesting the extension electronically through the LDR website or tax preparation software.

A tax filing extension granted by the secretary only allows for an extension of time to file the tax return. The extension does not allow an extension of time to pay the tax due. To avoid interest and penalty assessments, taxes should be paid on or before the original due date.

Visit the LDR website to read the full text of RIB 13-029.

Comments off

New RIBs

116591725

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.

Comments

Revenue Information Bulletin 11-011: Natural Gas Severance Tax Rate

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 11-011, which discusses the natural gas severance tax rate for the fiscal year that begins July 1, 2011:

The natural gas severance tax rate effective July 1, 2011, through June 30, 2012, has been set at 16.4 cents per thousand cubic feet (MCF) measured at a base pressure of 15.025 pounds per square inch absolute and at the temperature base of 60 degrees Fahrenheit.

The full text of RIB 11-011 is available at revenue.louisiana.gov.

Comments

Revenue Information Bulletin 11-007: Farmer Certification Process

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 11-007, which addresses the Farmer Certification Process.

In an effort to improve efficiency and simplify certain processes, the Louisiana Department of Revenue has revised its farmer certification process as described in Revenue Information Bulletin No. 09-034. Act 464 of the Regular Session of the 2009 Louisiana Legislature amended the sales tax exemption for farm equipment authorized by Louisiana Revised Statute 47:305.25 to require farmers and agricultural facilities to be certified by LDR in order to document their eligibility for the exemption. Beginning March 1, 2011, the Louisiana Department of Revenue began certifying eligible farmer or agricultural facilities using the R-1070 Application for Certification as a Manufacturer.

Farmers and agricultural facilities will no longer apply for certification using the R-1085 form which has been discontinued.

 Visit revenue.louisiana.gov to read the full text of RIB 11-007.

 

Comments

LDR issues three new RIBs

The Louisiana Department of Revenue has issued three new Revenue Information Bulletins concerning Louisiana tax credits and administrative matters.

Revenue Information Bulletin No. 10-019 concerns the meaning of the term “federal itemized deductions” for purposes of the credit against individual income taxes authorized by R.S. 47:293.

Revenue Information Bulletin No. 10-022 discusses an emergency rule adopted by the Louisiana Department of Economic Development (LED), effective October 1, 2010, authorizing that agency to collect a processing fee of up to $200 for the transfer of motion picture tax credits. The rule further provides that the transferee must pay the transfer fee before the credit can be claimed on a tax return.

Revenue Information Bulletin No. 10-024 discusses that, effective at the close of business on December 31, 2010, the Louisiana Department of Revenue will temporarily suspend its Private Letter Rulings (PLR) service.

This temporary suspension of the PLR service will not affect any PLR requests received before December 31, which the department will handle to completion. However, the department will temporarily be unable to handle any PLR requests that are received after that date. Taxpayers, who wish to obtain a PLR response, but who have not yet submitted a PLR request, must do so by December 31.

A Revenue Information Bulletin (RIB) is issued under the authority of LAC 61:III.101.D. A RIB is an informal statement of information issued for the public and employees that is general in nature. A RIB does not have the force and effect of law and is not binding on the public or the Department.

Comments

RIB 10-006: Withholding Income Tax under the Military Spouses Residency Relief Act

A military spouse whose wages are exempt from Louisiana income tax under the Act may claim an exemption from Louisiana withholding tax by filing Form L-4E “Exemption from Withholding Louisiana Income Tax” with their employer. Form L-4E expires at the end of the year. Therefore, a military spouse must file a Form L-4E each year if the spouse qualifies for the exemption.

Click here to read the full text of Revenue Information Bulletin 10-006.

Comments

RIB 10-009: Transfer of Tax Credits Certified by Other State Agencies

Title 47 of the Louisiana Revised Statutes authorizes several tax credits which must be certified by a state agency other than the Department of Revenue. This type of credit includes, but is not limited to, the motion picture credit and the digital interactive media credit which are certified by the Louisiana Department of Economic Development and the historic rehabilitation credits which are certified by the Division of Historic Preservation within the Louisiana Department of Culture, Recreation and Tourism. In all of these credits, the Department of Revenue requires a copy of the certification of expenses by the agency in order to allow a taxpayer to claim the credits on a tax return.

Click here to read the full text of RIB 10-009.

Comments

RIB 10-007: Affidavits of Small Succession

Affidavits of small succession are no longer required to be filed with the Louisiana Department of Revenue (LDR). Act 81 of the 2009 Regular Session of the Louisiana Legislature amended Louisiana Code of Civil Procedure (La. CCP) Article. 3432 and repealed Article. 3433 to no longer require an affidavit of small succession to be submitted to LDR. Act 81 further amended La. CCP Article 3421 to change the definition of small succession. Beginning January 1, 2010, “small succession” is defined as the succession of a person who dies owning an interest in property located in Louisiana which has a gross value of $75,000 or less.

 Click here to read the full text of Revenue Information Bulletin 10-007.

Comments

RIB 10-005: Military Spouses Residency Relief Act

The Louisiana Department of Revenue (LDR) has issued Revenue Information Bulletin 10-005, which discusses the Military Spouses Residency Relief Act.  The Act amends the Servicemembers Civil Relief Act.  It was signed into law on November 11, 2009.  The Act is effective for tax years beginning 2009 and is not retroactive.

 The Act, among other things, prohibits a servicemember’s spouse from losing or acquiring a residence or domicile for purposes of income taxation because of being absent or present in any tax jurisdiction of the United States solely to be with the servicemember in compliance with the servicemember’s military orders. The Act applies to spouses of servicemembers serving in most branches of the military, including the Coast Guard. However, it does not apply to spouses of the National Guard because members of the National Guard live and serve in their state of domicile.

Click here to read the full text of RIB 10-005.

Comments

RIB 09-057 – LDR ceases issuing contractor certifications

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 09-057, explaining that LDR will no longer issue certify the residency of contractors working in Louisiana.

RIB 09-057:

Effective January 4, 2010, the Louisiana Department of Revenue (LDR) Contractor Registration Program will cease issuing new certifications. LDR will no longer certify the residency of contractors performing jobs in Louisiana or issue certificates for jobs performed by nonresident contractors. Nonresident contractors are also no longer required to pay the ten-dollar application fee per contract or post a bond.

Also effective January 4, 2010, resident contractors are no longer required to renew their certifications. Jobs performed by nonresident contractors certified prior to January 1, 2010 should continue to abide by LAC 61:I.4373 relative to nonresident contractors.

Every resident or nonresident contractor performing jobs in Louisiana must register for Louisiana general sales tax in addition to any other applicable taxes, including income or withholding. Proof of registration must be submitted to the permitting office prior to receiving a permit. To register online, visit www.revenue.louisiana.gov.

For more information, contact the Louisiana Department of Revenue at (225) 219-7318.


A Revenue Information Bulletin (RIB) is issued under the authority of LAC 61:III.101(D). A RIB is an informal statement of information issued for the public and employees that is general in nature. A RIB does not have the force and effect of law and is not binding on the public or the Department.

Comments