The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 211 Original 2020 Regular Session Allain
Present law provides for interest on unpaid taxes as well as for interest on refunds of overpaid taxes.
Present law interest rate on refunds of overpayments is equal to the judicial interest rate.
Present law interest rate on payments of unpaid taxes is three percentage points above the judicial
interest rate.
Proposed law increases the interest rate on refunds of overpayments of tax on or after January 1,
2021, to three percentage points above the judicial interest rate.
Effective January 1, 2021.
(Amends R.S. 47:1624(A)(1))