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 807 Original 2015 Regular Session Miguez
Abstract: Decreases the time within which the secretary of the Dept. of Revenue is required to pay
or disallow a credit or refund on ad valorem taxes on vessels in Outer Continental Shelf Land
Act Waters from 90 days to 75 days.
Present law provides for a La. income or corporation franchise tax credit for ad valorem taxes paid
without protest to political subdivisions on vessels in Outer Continental Shelf Lands Act Waters as
certified to the assessor pursuant to present law within the calendar year immediately preceding the
taxable year of assessment of the vessel. The amount of the credit shall be equal to 100% of the ad
valorem taxes paid to political subdivisions.
Present law provides that the taxpayer is entitled to a refund for any allowable credit which exceeds
the aggregate tax liability of the taxpayer. Further requires the Dept. of Revenue to refund the
excess tax credit amount to the taxpayer from current tax collections and to pay or disallow claims
for credits, refunds, and interest within ninety days of receiving a tax credit or refund claim.
Proposed law changes the amount of time within which the secretary of the Department of Revenue
is required to pay or disallow a credit or refund from 90 days to 75 days.
Effective July 1, 2015.
(Amends R.S. 47:6006.1(C))