The Louisiana Department of Revenue has just issued a press release announcing that the 2015 tax amnesty program, scheduled to begin yesterday, November 16, 2015, has been delayed until December 1, 2015.
The 30-day tax amnesty period will now run from December 1, 2015 until December 31, 2015.
The delay results from an error
Today, the 2015 tax amnesty program begins and will continue through December 15, 2015.
In connection with the program, on November 3 the Louisiana Department of Revenue issued its Revenue Information Bulletin (RIB) No. 2015-037 providing taxpayers with specific information on this year’s amnesty.
Notably, unlike the language of Act 822 (2014 Reg. Sess.) upon
As we reported in prior posts, the Louisiana Legislature passed several revenue raising bills this year in an attempt to address an apparent $1.6 billion budget hole for the 2016 fiscal year. One of those new bills, HB 624 (now Act 123), provides a 28% reduction to certain corporate income tax exclusions and deductions
On Monday, October 2, Judge Michael Caldwell of the Nineteenth Judicial District Court for the Parish of East Baton Rouge ruled that the Louisiana Chemical Association (the “LCA”) has standing to challenge the constitutionality of House Concurrent Resolution No. 8 (“HCR 8”). Specifically, the court found that the LCA is permitted to sue on behalf
House Concurrent Resolution No. 8 (“HCR 8”) suspends certain tax exemptions on “business utilities” for the tax periods beginning on or after July 1, 2015 through August 5, 2016. Pursuant to HCR 8, businesses will pay a one percent (1%) sales and use tax on their purchases of utilities. The types of business utilities, as
There’s a children’s book, “The Goose That Almost Got Cooked,” which tells the story of a Canadian goose who takes a break from her flight south for the winter to rest at a lovely farm where the other geese are fed three meals a day. The Canadian goose thinks this is the life until discovering
On March 27th, the Louisiana Department of Revenue issued four policy statements for Louisiana taxpayers.
Specifically, the Department has amended the following tax regulations:
The Department’s voluntary disclosure agreement (VDA) regulation has been amended to clarify the meaning of the phrase “voluntary disclosure agreement” and to set forth
Bill Backstrom and Jay Adams were quoted in yesterday’s Law360 article entitled Attorneys React To Supreme Court ‘Amazon Tax’ Ruling. In the article, Bill, head of Jones Walker’s Tax & Estates Practice Group and a partner in the firm’s New Orleans office, and Jay, a senior partner in Jones Walker’s New Orleans office,
Louisiana Governor Bobby Jindal today unveiled to lawmakers his new budget proposal for the next fiscal year.
As was anticipated, Governor Jindal’s “recipe” for Louisiana’s current revenue and budget woes is, in part, to alter some of the state’s various refundable tax credit programs. These proposed changes are being suggested by the Governor to
The Louisiana Tax Amnesty program for 2014 wrapped up on Friday, November 14, 2014. The goal for this year’s amnesty program was $100 million, but the Department is now projecting $169 million in amnesty collections. Of that, $142 million will go into the “Amnesty Fund” for the State and $27 million will be retained by