§ 47:1608 — Disposition of penalties and self-generated revenue

Louisiana § 47:1608

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§1608. Disposition of penalties and self-generated revenue
A. Beginning July 1, 2022, the disposition of all state taxes, interest, and penalties
collected by or on behalf of the Department of Revenue pursuant to the provisions of this
Title shall be governed by the following:
(1) State taxes and interest. Beginning July 1, 2022, an amount equal to one percent
of all taxes and interest collected by or on behalf of the secretary of the Department of
Revenue pursuant to the provisions of Chapter 1, 2, 2-A, 2-B, or 5 of this Subtitle, shall be
designated as self-generated revenue of the Department of Revenue.
(2) Penalties. Beginning July 1, 2022, the full amount of penalties collected by the
secretary of the Department of Revenue pursuant to this Part, shall be transferred to the state
treasury for deposit into the state general fund, provided that only the compensatory expenses
and fees collected pursuant to R.S. 47:1602.1, 1604.2, 1605, and 1606 shall be designated
as self-generated revenue of the Department of Revenue.
B. Subject to appropriation by the legislature, monies designated as self-generated
revenues pursuant to the provisions of this Section, together with any other revenues
otherwise self-generated by the secretary, shall be used by the Department of Revenue for
the administration and collection of taxes, the operation of the department, and fulfilling of
the department's obligations related to the costs of tax adjudication, and may be retained by
the secretary and carried forward for such purposes.

Legislative History

Acts 2020, No. 348, §1, eff. Jan. 1, 2021.