Jones Walker SALT team members Jay Adams, Andre Burvant, John Fletcher, and Jeff Birdsong will discuss state tax cases, issues, and policy matters to watch. Additionally, the team will cover internal reorganization and looking beyond due diligence, deal documents, and closing.
Jones Walker SALT Team member, Jeff Birdsong, co-presented a panel for the Southern Industrial Conference in New Orleans, Louisiana on “Changes in Federal and State Tax Laws.” The conference featured approximately 15 key presentations and discussions from company executives as they shared their experiences growing their businesses and from expert advisors as they shared
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
Louisiana Secretary of State Kyle Ardoin has now announced the rescheduling of the upcoming tax reform constitutional amendment votes and other Fall elections, which were to be held October 9. The Fall elections and related tax reform votes are now scheduled to be held November 13.
This change was recommended by the Secretary of
The Louisiana Department of Revenue has now issued Revenue Information Bulletin (RIB) 21-024 automatically granting additional extensions to taxpayers in certain Louisiana areas impacted by Hurricane Ida for certain taxes that were due on or after August 26, 2021.
The Department’s new RIB specifically explains which taxpayers are eligible for automatic extensions, by tax type.
The Louisiana Department of Revenue has now issued Revenue Information Bulletin (RIB) 21-020, which provides certain income tax relief (and notice requirements) relating to Hurricane Ida relief work performed in the State by nonresident businesses or employees.
Louisiana law (Act 358, 2017 Reg. Sess.) provides for an income tax exclusion from
The Louisiana Department of Revenue has now issued Revenue Information Bulletin (RIB) 21-021 automatically granting filing and payment extensions to taxpayers for certain Louisiana tax returns and payments due during Hurricane Ida landfall and impact. The Department’s new RIB specifically explains that for taxpayers whose homes, principal places of business,
The Louisiana Department of Revenue has now issued two new proposed regulations regarding:
Consolidated Sales Tax Returns – Electronic Filing and Payment Requirements:
The
Louisiana’s Governor, John Bel Edwards, has now signed into law SB 36 (enacted as Act 459), which eliminates the prior 20-year carryover period limitation imposed on the available deduction for net operating losses (NOLs) for Louisiana corporate income tax purposes.
Act 459 amends La. R.S. 47:287.86(B) to provide that all NOL deductions claimed on
Louisiana House Bill 199, which would create a more centralized state and local sales tax collection system in Louisiana, has now been adopted by the House and Senate after negotiation in conference committee.
The legislative information regarding HB 199 can be found here.
The applicable conference committee report proposed by the appointed conference