SLS 182ES-52 ENGROSSED
2018 Second Extraordinary Session
SENATE BILL NO. 16
BY SENATOR MORRELL
TAX/AD VALOREM. Terminates the credit for ad valorem tax on offshore vessels. (Item
#21)(8/1/18)
1 AN ACT
2 To enact R.S. 47:6006.1(H), relative to tax credits; to terminate the credit for ad valorem
3 taxes paid on offshore vessels; to provide for a transition period; and to provide for
4 related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6006.1(H) is hereby enacted to read as follows:
7 ยง6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental Shelf
8 Lands Act Waters
9 * * *
10 H.(1) No credit is authorized pursuant to this Section for ad valorem
11 taxes paid on or after January 1, 2022.
12 (2) Credits earned for ad valorem taxes paid before January 1, 2022,
13 shall be claimed no later than December 31, 2023. Any remaining credit not
14 claimed on a properly filed original or amended return filed on or before
15 December 31, 2023, shall be void and have no value.
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. 16
SLS 182ES-52 ENGROSSED
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 16 Engrossed 2018 Second Extraordinary Session Morrell
Present law authorizes a credit for 100% of the ad valorem taxes paid on certain offshore
vessels.
Proposed law terminates this credit for ad valorem taxes paid on or after January 1, 2022.
Proposed law renders any tax credits for ad valorem taxes paid void if the tax credits are not
claimed by December 31, 2023.
Effective August 1, 2018.
(Adds R.S. 47:6006.1(H))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.