La. Admin. Code tit. 61 § I-6999

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-6999 - Application of the Tax Credit

A. Prior to claiming a tax credit on any tax return, or transferring any tax credit, a person must apply for and obtain final certification.

B. After receiving final certification, a person may transfer the credit as follows.

1. Only one transfer is allowed.

2. The credit, and/or refund of an overpayment, may be transferred by sending a written notice of such transfer to the Department of Revenue.

C. An owner of tax credits may claim tax credits against its Louisiana income tax liability by submitting its final certification, or written notice of transfer pursuant to this rule, evidencing the dollar amount of tax credits being claimed.

La. Admin. Code tit. 61, § I-6999

Promulgated by the Department of Economic Development, Office of Business Development, Office of Entertainment Industry Development, LR 35:2177 (October 2009), repromulgated LR 36:2241 (October 2010), repromulgated by the Department of Economic Development, Office of Business Development, LR 45899 (7/1/2019).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6034(E).