RÉSUMÉ DIGEST
ACT 112 (HB 449) 2015 Regular Session Robideaux
Existing 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 existing 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.
New law 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.
Existing 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.
New law 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 the governor (June 19, 2015).
(Amends R.S. 47:287.95(F)(3) and 606(A)(1)(a))