La. Admin. Code tit. 4 § V-4113
Current through Register Vol. 50, No. 8, August 20, 2024
Section V-4113 - Valuation MethodA. The general valuation rule will be FMV. Taxable cash compensation items, regardless of source, are to be reported and withheld at the dollar value paid. Taxable inkind noncash compensation, including fringe benefits, are to be included at FMV of the property transferred, excluding any payment offsets at the time of the transfer, unless excluded or adjusted under a specific Internal Revenue Code Section. There is no taxable compensation if the employee pays 100 percent of the FMV of the benefit.La. Admin. Code tit. 4, § V-4113
Promulgated by Office of the Governor, Division of Administration, LR 15:529 (July 1989), repromulgated LR 20:375 (April 1994), amended LR 25:1406 (August 1999).AUTHORITY NOTE: Promulgated in accordance with R.S. 39:78 and Executive Order Number 85-52.