Requires corporations subject to Louisiana income or franchise tax which have either corporate gross revenues everywhere of $8 billion or $8 million of assets everywhere to file combined returns and limits their NOL deduction to 50% of tax liability. (gov sig) (EG INCREASE GF RV See Note)
Provides for the administration, enforcement, and adjudication of state and local taxes and for the jurisdiction of the Board of Tax Appeals (EN SEE FISC NOTE LF RV See Note)
Grants a refundable individual income tax credit for up to $600 of deposits made in a tax year to Wind and Hail Deductible Savings Accounts which provide reimbursement to the account holder for damages or losses not covered because of a deductible. (gov sig) (OR DECREASE GF RV See Note)
Authorizes the collector of certain taxing authorities to require the electronic filing and remittance of local sales and use taxes (EN SEE FISC NOTE GF EX See Note)
Requires extension of the deadline to pay local sales taxes when the deadline for payment of the tax falls on certain holidays (EN SEE FISC NOTE LF RV See Note)