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St. Germain (HB 538) Act No. 415
Existing law requires every vehicle dealer who sells a vehicle at retail to remit all taxes
collected no later than 40 days from the date of sale or 10 days from receipt of the title of the
vehicle accepted in trade by the licensed vehicle dealer if the title of the vehicle is received
by the dealer in excess of 30 days from the date of sale. Further requires any licensed dealer
claiming an extension beyond the 40th day from the date of sale of the vehicle to document
the actual date that the dealer received title to the vehicle accepted in trade.
Prior law authorized the secretary, for good cause shown, to extend the time for remitting the
taxes for these licensed vehicle dealers for a period not to exceed 90 days.
New law changes the authority to grant an extension from the secretary of the Dept. of
Revenue to the vehicle commissioner.
New law authorizes the vehicle commissioner, for good cause shown, to waive penalties on
payment of taxes by a licensed vehicle dealer who remits the taxes later than 40 days.
Effective Aug. 1, 2014.
(Amends R.S. 47:306(E))