Louisiana § 27:316 Taxation

Louisiana Statutes

§ 27:316 — Taxation

Louisiana § 27:316

Title 27Louisiana Legislature

This text of Louisiana § 27:316 (Taxation) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 27:316 (2026).

Text

§316. Taxation

A.There is hereby levied a tax of eight percent upon the net revenues of fantasy sports contests offered to consumers within this state, which shall be due and payable monthly.

B.The division shall collect all taxes imposed or assessed under the provisions of this Chapter. All taxes collected by the division shall be forwarded upon receipt to the state treasurer for immediate deposit into the state treasury. Funds so deposited shall be first credited to the Bond Security and Redemption Fund in accordance with Article VII, Section 9(B) of the Constitution of Louisiana. After complying with the provisions of the Bond Security and Redemption Fund, the state treasurer shall deposit the proceeds of the tax into the Louisiana Early Childhood Education Fund as established in R.S.

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§316. Taxation
A. There is hereby levied a tax of eight percent upon the net revenues of fantasy
sports contests offered to consumers within this state, which shall be due and payable
monthly.
B. The division shall collect all taxes imposed or assessed under the provisions of
this Chapter. All taxes collected by the division shall be forwarded upon receipt to the state
treasurer for immediate deposit into the state treasury. Funds so deposited shall be first
credited to the Bond Security and Redemption Fund in accordance with Article VII, Section
9(B) of the Constitution of Louisiana. After complying with the provisions of the Bond
Security and Redemption Fund, the state treasurer shall deposit the proceeds of the tax into
the Louisiana Early Childhood Education Fund as established in R.S. 17:407.30.