Louisiana Administrative Code
Title 28 - EDUCATION
Part CLXV - Bulletin 139-Louisiana Child Care and Development Fund Programs
Chapter 7 - Administration of School Readiness Tax Credits
Section CLXV-701 - General School Readiness Tax Credit Provisions
Current through Register Vol. 50, No. 9, September 20, 2024
A. For purposes of the tax credits provided in R.S. 47:6101-6109, a child is deemed to be five years of age or less if the child is five years of age or less on any day of the taxable year for which a credit is claimed.
B. The term "business" as used in this Chapter means any for-profit or not-for-profit entity not including any individual operating in their personal capacity.
C. The credits provided for in R.S. 47:6101-6109 are applicable against individual income tax and corporation income and franchise tax but not against income taxes imposed on estates and trusts.
D. For purposes of this chapter and Chapters 9 and 11 of this Bulletin, the term "child care facilities" means any licensed Type III early learning center or registered and CCAP-certified family child care home that has current academic approval.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:6(10), R.S. 47:287.785, R.S. 47:295, R.S. 47:1511, and R.S. 47:6103.
