Tax & Accounting Blog

Louisiana Tax Amnesty

1099, ONESOURCE, State Reporting July 10, 2013

1793The Louisiana Tax Delinquency Amnesty Act of 2013 authorizes three tax amnesty periods during which penalty or interest relief will be available for payment of past-due Louisiana taxes. All taxes administered by the state revenue department are included except for motor fuel taxes and the penalties for failure to submit information reports that are not based on an underpayment of tax.

The first amnesty period will be later this year for at least two months, and it will offer a waiver of 100% of penalties and one-half of the interest normally due on late payments. The second amnesty period will be for at least one month in the second half of 2014, and it will offer a waiver of 15% of penalties. The third amnesty period will be for at least one month in the second half of 2015, and it will offer a waiver of 10% of penalties. No interest waivers are included in the 2014 and 2015 amnesty periods. The exact dates for each amnesty period will be set by the Revenue Secretary.

Taxes from the following periods are eligible for amnesty:

  • Taxable periods that began before January 1, 2013;
  • Taxes due prior to January 1, 2013, for which the department has issued a proposed assessment, notice of assessment, bill, notice, or demand for payment not later than May 31, 2013;
  • Taxes for which the taxpayer and the department have entered into an agreement that suspends the running of prescription (the time period from the original due date) until December 31, 2013, on tax returns not filed.

No installment agreements will be entered into for tax periods that are approved for amnesty. Louisiana’s last tax amnesty, a two-month program in 2009, brought in $303 million.

Editor’s notes:
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