Louisiana
The due date and a description of the license tax calculation can be found in the Louisiana Revised Statutes. Some municipalities may indicate a due date that is different from that mentioned in the statute. Required data for the input schedule is taxable premiums as prescribed by LRS 22-833. The tax schedule for selected municipalities may differ from the maximum tax schedule stated in the statute. The statute prescribes different schedules for Life/Accident Insurance premiums and Other Insurance premiums.
Taxes for a number of municipalities are collected by Louisiana Municipal Advisory and Technical Services (LaMATS) as prescribed by LRS 22:834. A separate return is generated for these cities. Only one payment is required when filing this return.
Louisiana Municipal Options
- The Municipal Options tab includes these options: 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 Livingston is G, but if the option is selected, the Life code tax schedule of A will be used instead.
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