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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 Company Options

The Company 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 PC or Risk Company has A&H premiums. When selected, the rate schedule used to generate a tax for a PC or Risk company will be the rate schedule used for a life company. For example, The PC 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.

Steps to Change LA Municipal Company Options

1. Load the Louisiana Municipal Module.





2. Go to the Tools Menu and select Options.
3. Select the Company Options tab and then check the options you would like to enable and then click Apply.