Unless otherwise indicated, all bills noted below have been passed by the legislature and are waiting on signature or veto by the governor. Our discussion of each bill assumes the bill is or becomes law. SB1 by Senator R. L. Bret Allain, II TAX/FRANCHISE/CORPORATE: Phases-out the corporate franchise tax. SB 1 reduces the corporate franchise … Continue Reading
The Louisiana Department of Revenue (the “Department”) released Revenue Information Bulletin No. 21-029 announcing the “Louisiana Transfer Pricing Managed Audit Program.” Beginning November 1, 2021, eligible corporations may request to participate in the program in order to resolve intercompany transfer pricing issues with the Department. Newly registered taxpayers, existing taxpayers, and taxpayers currently under audit … Continue Reading
Today, the Louisiana Department of Revenue published Revenue Information Bulletin No. 20-012 (May 22, 2020), which provides automatic relief from late filing and late payment penalties (La. R.S. 47:1602) and negligence penalty (La. R.S. 47:1604.1) with respect to state sales tax returns for March 2020 and April 2020, which were due on April 20, 2020 … Continue Reading
We hope everyone is enjoying Cinco de Mayo! Here are crawfish enchiladas prepared by Sue Zemanick, owner of Zasu in New Orleans and a James Beard Award winning chef, and a shot (or two) of some amazing tequila, complements of Jay Adams. We enjoyed the enchiladas with perfect margaritas – of course with SALT! And … Continue Reading
Today, in compliance with Proclamation No. JBE 2020-41, which was issued by Governor Edwards on April 2, 2020, the Louisiana Tax Commission (LTC) issued Statewide Advisory 03-2020 providing for the continued suspension and continuance without date of all LTC appeal hearings. The LTC will continue to meet telephonically to consider ad valorem property tax change … Continue Reading
Today, in compliance with Proclamation No. JBE 2020-30, which was issued by Governor Edwards on March 16, 2020, the Louisiana Tax Commission (LTC) issued Statewide Advisory 02-2020 suspending and continuing without date all LTC appeal hearings. The LTC will continue to meet telephonically to consider ad valorem property tax change order requests, tax sale certifications … Continue Reading
As members of the Jones Walker SALT Team sat around the table in our office kitchen staring into a box of donuts provided by our firm on National Donut Day (the day after the close of the 2019 Regular Session of the Louisiana Legislature), we pondered this question: what does that box of tasty treats … Continue Reading
Among the super-hot SALT topics at the 2018 SEATA meeting in Nashville were the impact of recent federal income tax changes on state income taxes and the aftermath of Wayfair. Along with two colleagues, I presented at a session focusing on “game-changing” cases in the various Southeastern states. At another session, the topic was so … Continue Reading
It is July in South Louisiana and it is hot and muggy. But that did not stop last weekend’s crawfish boil. Lately, I have become weary of reading about Wayfair, Kraft, repatriation, BEAT, FDII, GILTI, retroactivity, the slow erosion of the Chevron doctrine, and all of the other hot topics boiling in our SALT … Continue Reading
The hotly contested new Commercial Activity Tax (“CAT”) proposal in Louisiana – H.B. 628 – may now have officially run out of lives. After hours of debate over two days of hearings in the Louisiana House Ways & Means Committee, Governor Edwards’ (D) proposed CAT was voluntarily deferred by the bill’s sponsor, Rep. Sam Jones. … Continue Reading
Standing on the edge of a $1.3 billion fiscal cliff, Governor John Bel Edwards (D‑La.) announced his 2017 Budget Stabilization Plan, which he intends to pursue during the 2017 Regular Session of the Louisiana Legislature beginning on April 10, 2017. The Plan notes that Louisiana is operating under a broken, outdated system, “that just simply does … Continue Reading
Louisiana is at it again! Louisiana Governor John Bel Edwards and the Louisiana Department of Revenue are now seriously discussing and considering the recommendation of legislation to create a new gross receipts tax in Louisiana. The Governor’s administration will likely be presenting this gross receipts tax option to the Louisiana Legislature as part of the … Continue Reading
PAUL H. FRANKEL – SALT OF THE EARTH AND BEYOND If you are reading this blog post, it is far more likely than not that you have been touched by the greatness of Paul H. Frankel, who passed away overnight between February 27th and 28th. In fact, without Paul’s influence on many SALT professionals … Continue Reading
Originally published by Tax Law360. Taxation by states of out-of-state online retail sales remains a hotly contested issue. Louisiana is now part of that national sales tax nexus conversation. In March of 2016, during a special legislative session called by new Louisiana Governor John Bel Edwards (D) to address the State’s current budget shortfalls, the … Continue Reading
As the Texas Legislature wraps up its legislature session today, June 1, 2015, the Texas Legislature has approved a number of tax cuts to be sent to Governor Abbott. These tax cuts are expected to provide $3.8 billion in relief to Texas businesses and homeowners. First, the Texas Legislature adopted H.B. 32, which creates a … Continue Reading
On Friday, the Louisiana First Circuit Court of Appeal issued its highly-anticipated opinion in Cynthia Bridges, Secretary, Department of Revenue v. Polychim USA, Inc. In Polychim, the First Circuit considered whether the district court properly granted summary judgment in favor of the Louisiana Department of Revenue (the “Department”) in its holding that Polychim was subject … Continue Reading
