SLS 17RS-391 ORIGINAL
2017 Regular Session
SENATE BILL NO. 179
BY SENATOR MORRELL
TAX/TAXATION. Terminates the tax credit for vessels in Outer Continental Shelf Lands
Act Waters. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 47:6006.1(A), relative to tax credits; to terminate the tax credit
3 for ad valorem taxes paid on vessels in Outer Continental Shelf Lands Act Waters;
4 to provide for an effective date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6006.1(A) is hereby amended and reenacted to read as follows:
7 ยง6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental
8 Shelf Lands Act Waters
9 A. There shall be allowed a credit against any Louisiana income or
10 corporation franchise tax for ad valorem taxes paid without protest to political
11 subdivisions on vessels in Outer Continental Shelf Lands Act Waters as certified to
12 the assessor pursuant to R.S. 47:1956(B) within the calendar year immediately
13 preceding the taxable year of assessment of such vessel. For purposes of this Section,
14 ad valorem taxes shall be deemed to be paid to political subdivisions when they are
15 paid without protest either in money or by applying credits established pursuant to
16 R.S. 47:2108.1. No credit pursuant to this Section shall be allowed for ad
17 valorem taxes paid to political subdivisions on vessels in Outer Continental
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 179
SLS 17RS-391 ORIGINAL
1 Shelf Lands Act Waters on or after January 1, 2018.
2 * * *
3 Section 2. This Act shall become effective upon signature by the governor or, if not
4 signed by the governor, upon expiration of the time for bills to become law without signature
5 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
6 vetoed by the governor and subsequently approved by the legislature, this Act shall become
7 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 179 Original 2017 Regular Session Morrell
Present law authorizes a credit against any Louisiana income or corporation franchise tax
for ad valorem taxes paid without protest to political subdivisions on vessels in Outer
Continental Shelf Lands Act Waters (OCS vessels).
Proposed law provides that this credit shall not apply to ad valorem taxes paid on OCS
vessels on or after January 1, 2018.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends 47:6006.1(A))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.