DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 449 Original 2015 Regular Session Robideaux
449
Abstract: Provides with respect to the determination of sales attributable to La. for purposes of
calculating certain manufacturer's apportionment percent and taxable capital.
Present law establishes methods for attributing income to Louisiana for purposes of determining
corporate income and corporate franchise taxes for manufacturers. Further provides that for
purposes of present law, sales attributable to this state shall include sales where the goods,
merchandise, or property are received in this state by the purchaser. Further provides that in the case
of delivery of goods by common carrier, the place that goods are ultimately received after all
transportation has been completed is considered the place the goods are received by the purchaser.
Proposed law retains present law but adds that for purposes of sales of aircraft manufactured or
assembled in this state, the place the aircraft is ultimately received is the place the aircraft is
primarily stored when not in use.
Present law requires corporations qualified to do business or actually doing business in this state to
pay an annual corporation franchise tax. The amount of the tax varies on the amount of taxable
capital of the corporation. Further provides that the determination of taxable capital is based on a
formula which includes the ratio of net sales made to customers in the regular course of business
and other revenue attributable to La. to the total net sales made to customers in the regular course
of business and other revenue. Sales attributable to this state shall include all sales where the goods
and merchandise are received by the purchaser. In the case of delivery of goods by common carrier,
the place the goods are ultimately received after all transportation has been completed is considered
the place the goods are received by the purchaser.
Proposed law retains present law but adds that for purposes of sales of aircraft manufactured or
assembled in this state, the place the aircraft is ultimately received shall be the place the aircraft is
primarily stored when not in use.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:287.95(F)(3) and 606(A)(1)(a))