Louisiana § 47:6115 Recapture of credits

Louisiana Statutes

§ 47:6115 — Recapture of credits

Louisiana·Title 47 Revenue and Taxation

§6115. Recapture of credits

A.If the Department of Revenue finds that a taxpayer has knowingly obtained a tax credit in violation of the provisions of this Chapter, including but not limited to fraud or misrepresentation, then the taxpayer's state income tax for such taxable period shall be increased by such amount necessary for the recapture of the tax credit provided for in this Chapter.

B.Credits granted to a taxpayer, but later disallowed, may be recovered by the secretary of the Department of Revenue through any collection remedy authorized by and in accordance with R.S. 47:1561.3. NOTE: See Acts 2023, No. 437, regarding that the provisions of the Act apply to tax years beginning on or after Jan. 1, 2025.

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§6115. Recapture of credits
A. If the Department of Revenue finds that a taxpayer has knowingly obtained a tax
credit in violation of the provisions of this Chapter, including but not limited to fraud or
misrepresentation, then the taxpayer's state income tax for such taxable period shall be
increased by such amount necessary for the recapture of the tax credit provided for in this
Chapter.
B. Credits granted to a taxpayer, but later disallowed, may be recovered by the
secretary of the Department of Revenue through any collection remedy authorized by and in
accordance with R.S. 47:1561.3.
NOTE: See Acts 2023, No. 437, regarding that the provisions of the Act apply to tax
years beginning on or after Jan. 1, 2025.

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