2011 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:617 — Refunds and credits
§617. Refunds and credits
A. An overpayment shall bear no interest if credit is given therefor. Amounts actually refunded 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 against the corporation income taxes for the purpose of determining the interest due under the provisions of R.S. 47:1601.
C. No refund of franchise tax shall be paid by the secretary until any claim of offset filed by the office of unemployment insurance administration of the Louisiana Workforce Commission against the taxpayer under R.S. 23:1733 has been satisfied.
Added by Acts 1976, No. 87, §1, eff. Jan. 1, 1977; Amended by Acts 1982, No. 853, §1, eff. Oct. 1, 1982; Acts 1985, No. 106, §1, eff. June 29, 1985; Acts 1986, No. 597, §2, eff. July 6, 1986; Acts 1988, 1st Ex. Sess., No. 4, §1, eff. Mar. 28, 1988; Acts 1992, No. 447, §4, eff. June 20, 1992; Acts 1997, No. 1172, §8, eff. June 30, 1997; Acts 2007, No. 113, §3; Acts 2008, No. 743, §7, eff. July 1, 2008.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
