La. R.S. 47:1621.1 — Satisfaction of rulings or judgments of the Board of Tax Appeals

A. A final ruling or judgment of the Board of Tax Appeals concerning
the overpayment of severance taxes, issued pursuant to Part V of Chapter 17
of Subtitle II of Title 47 of the Louisiana Revised Statutes of 1950 may be
applied, with the consent of the parties involved, as a credit against any state
tax liability of the taxpayer for whom the judgment or ruling was rendered.
Such credit may be applied to the income tax, corporate franchise tax, or any
other state tax liability of the taxpayer.
B. The credit may be applied to any tax liability for the taxable year or
taxable period in which the ruling or judgment becomes final. Any amount of
the credit unused in any taxable year may be carried forward for the
succeeding three taxable years.
C. For purposes of this Section, "parties involved" shall mean only the
taxpayer and the Department of Revenue.
Acts 1989, 2nd Ex. Sess., No. 15, §2, eff. July 24, 1989; Acts 1997, No.
658, §2.