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.