2011 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:287.657 — Refunds and credits of overpayment of estimated income tax by corporations
§287.657. Refunds and credits of overpayment of estimated income tax by corporations
A. An overpayment of estimated income tax shall bear no interest if credit is given therefor. Amounts actually refunded to the taxpayer as overpayments shall bear interest at the rate established pursuant to R.S. 13:4202 per year computed from ninety days after the filing date of the return showing the overpayment or from the due date of such return, whichever is later.
B. The secretary may net any overpayments of estimated corporate income tax against the corporation's franchise taxes for the purpose of determining the interest due under the provisions of R.S. 47:1601.
Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1988, 1st Ex. Sess., No. 4, §1, eff. Mar. 28, 1988.
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