Instructions For Louisiana Nonresident Professional Athlete Individual Income Tax Return

CODE

CREDIT DESCRIPTION

CODE

CREDIT DESCRIPTION

50F – Inventory Tax — R.S. 47:6006 allows a refundable

60F – Historic Residential – R.S. 47:297.6 allows a refundable

credit for 100 percent of the ad valorem taxes paid to

credit for the amount of eligible costs and expenses

political subdivisions in Louisiana on inventory held by

incurred during the rehabilitation of an owner-occupied

manufacturers, distributors, or retailers. Refer to Revenue

residential or owner-occupied mixed use structure located

Information Bulletin 06-036 on the Department’s website.

in a National Register Historic District, a cultural products

district, a local historic district, a Main Street District,

51F – Ad Valorem Natural Gas – R.S. 47:6006 allows a refundable

or a downtown development district. The tax credit is

credit for 100 percent of the ad valorem taxes paid to

limited to one credit per rehabilitated structure and can

political subdivisions in Louisiana on natural gas held, used,

not exceed $25,000 per structure. Taxpayers must apply

or consumed in providing natural gas storage services

to the Louisiana Department of Culture, Recreation and

or operating natural gas storage facilities. Both a copy of

Tourism, Division of Historic Preservation for certification.

the tax assessment and a copy of the cancelled check in

A copy of the certification of the credit must be attached

payment of the tax must be attached to the return.

to the return.

52F – Ad Valorem Offshore Vessels – R.S.47:6006.1 allows

61F – Angel Investor – R.S. 47:6020 et seq. allows a refundable

a refundable credit for 100 percent of the ad valorem

credit for taxpayers who make third party investments in

taxes paid on vessels in Outer Continental Shelf Lands

certified Louisiana entrepreneurial businesses between

Act Waters. You must attach to the return a copy of the

January 1, 2005 and December 31, 2009. To earn the Angel

inventory tax assessment, a copy of the cancelled check

Investor Credit, taxpayers must file an application with the

in payment of the tax, and a copy of a completed Form

Louisiana Department of Economic Development. Refer to

LAT 11A from the Louisiana Tax Commission.

Revenue Information Bulletin 06-020 on LDR’s website.

54F – Telephone Company Property – R.S.47:6014 allows

62F – Musical and Theatrical Productions – R.S. 47:6034

a refundable credit for up to 40 percent of the ad

allows a refundable credit for the production expenses,

valorem taxes paid to Louisiana political subdivisions

by a telephone company with respect to that company’s

transportation costs, employment of college and vocational-

public service properties located in Louisiana. The

technical students, employment of residents, and for the

credit may be passed through to individuals who are

construction, repair, or renovation of facilities related to live

shareholders or members of certain legal entities. See

performance industry. No credit shall be allowed under this

Revenue Information Bulletin 01-004, on LDR’s website.

provision if credit has been granted for the Motion Picture

A schedule must be attached stating which entity paid the

Investment credit (R.S. 47:6007) or the Sound Recording

tax and obtained the credit on the individual’s behalf.

Investment credit (R.S. 47:6023). Taxpayers must apply

to the Louisiana Department of Economic Development to

55F – Prison Industry Enhancement – R.S.47:6018 allows

receive certification. A copy of the certification of the credit

a refundable credit for the state sales and use tax paid

must be attached to the return.

by a taxpayer on purchases of specialty apparel items

from a private sector Prison Industry Enhancement (PIE)

64F – Wind and Solar Energy Systems – R.S.47:6030 allows

contractor. Contact LDR for further information regarding

a refundable credit for taxpayers who purchase and install

this credit.

a wind energy system, a solar energy system, or both in a

56F – Urban Revitalization – R.S. 51:1801 et seq. allows a

residence located in this state, or for owners who purchase

refundable credit for investing in certain economically

and install such energy systems in a residential rental

depressed areas of the state. Taxpayers must apply to

apartment project. Taxpayers are also eligible for the credit

the Louisiana Department of Economic Development

when a resident purchases a newly constructed home with

to receive certification. A copy of the certification of the

such systems already installed, or when such systems are

credit must be attached to the return.

installed in new apartment projects. The credit is equal to 50

percent of the first $25,000 of the cost of each wind energy

57F – Mentor-Protégé – R.S. 47:6027 allows a refundable

credit for a mentor business that fulfills the terms of a

system or solar energy system, including installation costs,

Mentor-Protégé Agreement as approved by the Louisiana

purchased on or after January 1, 2008. Only one tax credit

Department of Economic Development. A copy of the

is available for each eligible system. When taking this credit,

certification of the credit must be attached to the return.

the taxpayer will not be eligible for any other state tax credit,

exemption, exclusion, deduction, or any other tax benefit

58F – Milk Producers – R.S. 47:6032 allows a refundable

for that property. Refer to Louisiana Administrative Code

credit for a resident taxpayer engaged in the business of

61:I.1907 on LDR’s website.

producing milk for sale. Those milk producers that have

obtained permits under the Louisiana Administrative

65F – School Readiness Child Care Provider – R.S. 47:6105

Code, Title 51, and have met the requirements of the

allows a refundable credit for a child care provider who

Food and Drug Administration, shall be certified by the

operates a facility or facilities where care is given to

Louisiana Department of Health and Hospitals to receive

foster children in the custody of the Louisiana Department

the credit. Revenue Information Bulletin 08-014 provides

of Children and Family Services (DCFS) or to children

information regarding the credit.

who participate in the Child Care Assistance Program

59F – Technology Commercialization – R.S.51:2351 et seq.

administered by the Office of Family Support in DCFS. The

allows a refundable credit for a qualifying individual

credit is based on the average monthly number of children

or business that invests in the commercialization of

who attended the facility multiplied by an amount based

Louisiana technology. Taxpayers must apply to the

on the quality rating of the child care facility. For more

Louisiana Department of Economic Development to

information regarding this credit, contact DCFS.

receive certification. A copy of the certification of the

66F – School Readiness Child Care Directors and Staff –

credit must be attached to the return.

R.S. 47:6106 allows a refundable credit for eligible child

care directors and eligible child care staff. The tax credit

is based on certain attained qualifications for directors and

staff members. For more information regarding this credit,

contact the Louisiana Department of Children and Family

Services.

Instructions For Louisiana Nonresident Professional Athlete Individual Income Tax Return - 2011 Page 5

Related Articles

Related forms

Related Categories