SLS 202ES-208 ENGROSSED
2020 Second Extraordinary Session
SENATE BILL NO. 52
BY SENATOR REESE
TAX/AD VALOREM. Provides for credits for certain ad valorem taxes paid for the 2020
tax year. (gov sig) (Item #26)
1 AN ACT
2 To enact R.S. 47:6006(G), 6006.1(H), and 6014(G), relative to tax credits; to authorize
3 payments of certain ad valorem taxes made for the 2020 tax year to be treated as
4 timely paid for purposes of the tax credits for ad valorem taxes paid; to provide for
5 an effective date; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:6006(G), 6006.1(H), and 6014(G) are hereby enacted to read as
8 follows:
9 §6006. Tax credits for local inventory taxes paid
10 * * *
11 G. Taxpayers that pay ad valorem taxes for the 2020 tax year that are
12 eligible for the credit provided by this Section but are paid after December 31,
13 2020, may elect to treat these taxes as having been paid on December 31, 2020,
14 for purposes of this credit, provided that the payments are made to the local tax
15 collector on or before April 15, 2021. Taxpayers that make this election may not
16 also claim these taxes as having been paid in 2021 for purposes of claiming this
17 credit for the 2021 tax year.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 52
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1 * * *
2 §6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental Shelf
3 Lands Act Waters
4 * * *
5 H. Taxpayers that pay ad valorem taxes for the 2020 tax year that are
6 eligible for the credit provided by this Section but are paid after December 31,
7 2020, may elect to treat these taxes as having been paid on December 31, 2020,
8 for purposes of this credit, provided that the payments are made to the local tax
9 collector on or before April 15, 2021. Taxpayers that make this election may not
10 also claim these taxes as having been paid in 2021 for purposes of claiming this
11 credit for the 2021 tax year.
12 * * *
13 §6014. Credit for property taxes paid by certain telephone companies; fund
14 * * *
15 G. Taxpayers that pay ad valorem taxes for the 2020 tax year that are
16 eligible for the credit provided by this Section but are paid after December 31,
17 2020, may elect to treat these taxes as having been paid on December 31, 2020,
18 for purposes of this credit, provided that the payments are made to the local tax
19 collector on or before April 15, 2021. Taxpayers that make this election may not
20 also claim these taxes as having been paid in 2021 for purposes of claiming this
21 credit for the 2021 tax year.
22 Section 2. This Act shall become effective upon signature by the governor or, if not
23 signed by the governor, upon expiration of the time for bills to become law without signature
24 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
25 vetoed by the governor and subsequently approved by the legislature, this Act shall become
26 effective on the day following such approval.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 52
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The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 52 Engrossed 2020 Second Extraordinary Session Reese
Present law provides for income and corporation franchise tax credits for certain ad valorem
taxes paid on inventory, on offshore vessels, and by telephone companies for public service
properties.
Present law credit provisions allow taxpayers to claim the credits for ad valorem taxes paid
only on the income tax return filed for the tax year in which the eligible ad valorem taxes
are paid.
Proposed law provides that taxpayers that pay ad valorem taxes for the 2020 tax year that
are eligible for one of the three ad valorem tax credits but that pay eligible ad valorem taxes
after December 31, 2020, may elect to treat these taxes as having been paid on December
31, 2020, for purposes of the applicable credit, provided that the payments are made to the
local tax collector on or before April 15, 2021.
Proposed law prohibits taxpayers that make this election from also claiming these taxes as
having been paid in 2021 for purposes of claiming this credit for the 2021 tax year.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 47:6006(G), 6006.1(H), and 6014(G))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the original bill
1. Specifies December 31, 2020 as the date that the taxpayer paid ad valorem
taxes for purposes of the applicable credit.
2. Prohibits taxpayers that make this election from also claiming these taxes as
having been paid in 2021.
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.