HLS 21RS-724 ORIGINAL
2021 Regular Session
HOUSE BILL NO. 503
BY REPRESENTATIVE CORMIER
TAX CREDITS: Provides for a refundable individual income tax credit for residents of
parishes that contain certain toll bridges
1 AN ACT
2To enact R.S. 47:6042, relative to individual income tax credits; to authorize a refundable
3 individual income tax credit for residents of parishes that contain toll bridges; to
4 provide for the amount of the credit; to provide for certain requirements and
5 limitations; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:6042 is hereby enacted to read as follows:
8 ยง6042. Tax credit for tolls paid on certain bridges
9 A. There is hereby authorized a refundable individual income tax credit for
10 Louisiana taxpayers residing in a parish that has within its boundaries a bridge
11 constructed over a man-made or natural waterway that requires the payment of a toll
12 to travel across.
13 B. The amount of the tax credit shall equal the total amount of money the
14 taxpayer spent on toll payments to travel across the bridge during the taxable year.
15 C.(1) The taxpayer claiming the credit shall maintain all records necessary
16 to verify the amount of toll payments made and if requested, shall provide the
17 records to the Department of Revenue when filing the taxpayer's tax return.
18 (2) The secretary of the Department of Revenue shall adopt and promulgate
19 rules, in accordance with the Administrative Procedure Act, necessary to administer
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 21RS-724 ORIGINAL
HB NO. 503
1 the tax credit authorized in this Section. No tax credits shall be granted pursuant to
2 this Section until adoption of administrative rules.
3 D. If the amount of the credit authorized pursuant to the provisions of this
4 Section exceeds the amount of the taxpayer's tax liability for the taxable year, the
5 excess tax credit amount shall constitute an overpayment pursuant to R.S.
6 47:1621(A). The secretary shall make a refund of the overpayment from the current
7 collections. The right to a refund shall not be subject to the requirements of R.S.
8 47:1621(B).
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 503 Original 2021 Regular Session Cormier
Abstract: Authorizes a refundable individual income tax credit for La. taxpayers residing
in parish that has bridge constructed over a man-made or natural waterway that
requires the payment of a toll to travel across.
Proposed law authorizes a refundable individual income tax credit for La. taxpayers residing
in a parish that has a bridge constructed over a man-made or natural waterway that requires
the payment of a toll to travel across.
Proposed law provides the amount of the tax credit shall equal the total amount of money
the taxpayer spent on toll payments to travel across the bridge during the taxable year.
Proposed law requires the taxpayer claiming the credit to maintain all records necessary to
verify the amount of tolls paid during the taxable year and if requested, to provide the
records to the Dept. of Revenue when filing the taxpayer's tax return.
Proposed law authorizes the promulgation of rules in accordance with present law
(Administrative Procedure Act) to implement the provisions of proposed law including rules
related to the submission of documentation when claiming the credit. Further provides no
credit shall be granted until administrative rules have been adopted.
Proposed law provides that if the amount of the credit exceeds the taxpayer's tax liability for
the taxable year, the excess credit amount shall constitute an overpayment and the secretary
shall refund the overpayment from the tax collections imposed in present law.
(Adds R.S. 47:6042)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.