Louisiana

Use tax schedule rate from LRS 22:833 when calculating all municipalities. Select this option to calculate the tax for all municipalities using the schedule prescribed by state statute.

Allocate Variance from Form 1076 Page 4 Line C

• Allocate to positive premiums only. Select this option to allocate the Form 1076 variance over municipalities with positive premiums only.
• Allocate to positive and negative premiums. Select this option to allocate the Form 1076 variance over all municipalities.

One - Sixth investments are in Louisiana will reduce the tax payable to 1/3 of the regular tax. This option should be checked if 1/6 of the total admitted assets of the payer are invested and maintained in qualifying Louisiana investments (LRS 22:832(B)). A message will print on the return indicating that 1/3 of the standard tax is paid.

Plate Glass or Steam boiler Inspection Insurers. Plate glass and steam boiler inspection insurers should select this option. Selecting this option generates a tax 1/3 of the standard tax. A message will print on the return indicating that 1/3 of the tax is paid.

Use Life Code rates when a P&C or Risk Company has A&H premiums. When selected, the rate schedule used to generate a tax for a P&C or Risk company will be the rate schedule used for a life company. For example, The P&C code tax schedule for Abita Springs is X, but if the option is select, the Life code tax schedule of A will be used instead.