ENROLLED
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 580
Regular Session, 2012
HOUSE BILL NO. 377
BY REPRESENTATIVE ROBIDEAUX
AN ACT1
To enact R.S. 47:201.1(F), relative to income tax returns; to provide with respect to2
composite returns of partnerships; to provide for the payment and distribution of3
overpayments; to provide for electronic filing; to provide for an effective date; and4
to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 47:201.1(F) is hereby enacted to read as follows: 7
ยง201.1. Composite returns for nonresident partners or members8
* * *9
F. Credits and overpayments claimed on composite returns.10
(1) Notwithstanding the provisions of R.S. 47:1675(F) or any other provision11
of law to the contrary, when a composite return is filed, the nonresident members or12
nonresident partners of the partnership shall claim their respective share of any credit13
earned by the partnership for the applicable tax period in which the credit was14
earned.15
(2) Credits claimed on a composite return shall not be allowed or claimed on16
any other return submitted on behalf of or by a member or partner for the same tax17
period.18
(3) When a composite return reflects an overpayment that is determined to19
be correct by the secretary, the overpayment shall be paid to the partnership that filed20
the composite return.21
(4) Composite returns shall be filed electronically. The Secretary shall22
promulgate rules and regulations in accordance with the Administrative Procedure23
Act necessary for implementation of this Paragraph and shall further define and24 ENROLLEDHB NO. 377
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
require the necessary methods for filing, signing, subscribing or verifying a return,1
statement, or other documents required for such implementation.2
(5) The provisions of this Section shall be effective for taxable periods3
beginning on or after January 1, 2013.4
Section 2. This Act shall become effective on June 30, 2012; if vetoed by the5
governor and subsequently approved by the legislature, this Act shall become effective on6
June 30, 2012, or on the day following such approval by the legislature, whichever is later.7
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: