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 425 Original 2017 Regular Session Magee
Abstract: Removes the prohibition on eligibility for the tax credit for ad valorem taxes paid with
respect to vessels in Outer Continental Shelf Lands Act Waters in instances where taxes were
paid under protest.
Present law authorizes an income and corporation franchise tax credit for ad valorem taxes paid
without protest on vessels in Outer Continental Shelf Lands Act Waters which have been certified
by the taxpayer to the assessor as being principally located in such areas within the calendar year
immediately preceding the taxable year of assessment of the vessel.
Proposed law changes present law by removing the restriction on eligibility for the credit for taxes
which have been paid under protest.
Effective July 1, 2017.
(Amends R.S. 47:6006.1(A) and (D)(2))