ENROLLED
ACT No. 86
2018 Regular Session
HOUSE BILL NO. 341
BY REPRESENTATIVE ABRAMSON
AN ACT
To amend and reenact R.S. 47:611(A), relative to corporate franchise tax returns; to provide
for the deadline for the payment of corporate franchise tax; to provide for
applicability; to provide for an effective date; and to provide for related matters.
Be it enacted by the Legislature of Louisiana:
Section 1. R.S. 47:611(A) is hereby amended and reenacted to read as follows:
ยง611. Newly taxable corporation
A. Every corporation or other entity subject to the franchise tax shall pay
only an initial tax of one hundred ten dollars in the first accounting period or fraction
thereof in which it becomes subject to the tax levied herein. The tax is first due
immediately on the corporation's becoming taxable under this Chapter and is payable
on or before the fifteenth day of the third fourth month after the month in which the
tax is due. After the first closing of the corporate books, the tax is payable as
provided in R.S. 47:609, subject to the minimum tax as provided in this Subsection.
* * *
Section 2. The provisions of this Act shall be applicable to all corporate franchise
tax years beginning on and after January 1, 2019.
Section 3. This Act shall become effective upon signature by the governor or, if not
signed by the governor, upon expiration of the time for bills to become law without signature
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 341 ENROLLED
vetoed by the governor and subsequently approved by the legislature, this Act shall become
effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.