Current through Register Vol. 50, No. 9, September 20, 2024
A. The
Tax Commission is hereby authorized on an interim basis for the period
beginning on July 1, 2021, and ending on June 30, 2026, to levy and collect the
following fees in connection with services performed by the commission:
1. A fee for the assessment of public service
properties, at the rate of four hundredths of one percent of the assessed value
of such properties, to be paid by each public service property which pays ad
valorem taxes.
2. A fee for the
assessment of insurance companies, at the rate of three hundredths of one
percent of the assessed value of such properties, to be paid by each insurance
company which pays ad valorem taxes.
3. A fee for the assessment of financial
institutions, at the rate of three hundredths of one percent of the assessed
value of such properties, to be paid by each bank stock and loan and finance
company which pays ad valorem taxes.
B. The fee shall be computed on public
service property, insurance company credit assessments and bank stock
assessments and added to each parish and/or municipal tax roll as part of the
value of the property by the time the roll is reviewed for final approval by
the Tax Commission in accordance with
R.S.
47:1993.
C. Collection Procedure
1. The sheriff in each parish and the tax
collector for the City of New Orleans shall be responsible for the collection
of the Tax Commission fee which is paid by each public service property,
insurance company and bank which pays ad valorem taxes (R.S.
47:2051), as per Act 184 of 1993.
2. The tax collector is required to mail a
notice of tax due to each public service property, insurance company and bank
which pays ad valorem taxes listed on the tax rolls (R.S.
47:2101.B.1). Every parish tax notice sent to
such taxpayers shall contain a separate line thereon that reads: "assessment
fee by and for the Louisiana Tax Commission $_______."
a. The fee assessed by the Tax Commission
shall be collected as a part of the total tax due and remitted by the tax
collector directly to the Tax Commission Expense Fund on or before the
succeeding March 31 of each year.
b. Any delinquent fee, including all
additions shall be remitted to the Tax Commission for deposit in its expense
fund.
D. In
accordance with Act 184 of 1993, the Tax Commission, in addition to powers
contained in
R.S.
47:1837 et seq., is authorized to make audits
or examinations of any taxpayer's return due under
R.S.
47:1852 and the property, place of business,
books, records, activity and programs of the taxpayer insofar as it may affect,
clarify or disclose its tax liability.
1.
After procedures as set forth in
R.S.
47:1835 relative to notification of tax due
to the taxpayer and his time period for protesting such assessment have
expired, the Tax Commission shall receive 10 percent of the additional tax,
penalty and interest collected. Such funds shall be paid to the Tax Commission
and shall be deposited in the Tax Commission expense fund.
AUTHORITY NOTE:
Promulgated in accordance with
R.S.
47:1835 and
R.S.
47:1838.
