La. R.S. 47:6013 — Tax credits for donations made to public schools

A. There shall be allowed a credit against the corporation income tax for qualified
donations made to a public school. The credit shall be an amount equal to twenty-eight
percent of the appraised value of the qualified donation. Any credit shall be taken as a credit
against the corporation income tax for the taxable year in which the donation is made. The
total of all such credits taken in a taxable year shall not exceed the total tax liability for that
taxable year.
B. For purposes of this Section the following words have the following meanings:
(1) "Corporation" means any business entity authorized to do business in the state
of Louisiana and subject to the state corporate income tax.
(2) "Public school" means a public elementary or secondary school.
(3) "Qualified donation" means a donation of immovable property purchased or
otherwise acquired by a corporation and donated to a public school immediately adjacent or
contiguous to such property.
C. The secretary of the Department of Revenue shall promulgate such rules and
regulations as may be necessary to carry out the purposes of this Section.
D. Repealed by Acts 2024, 3rd Ex. Sess., No. 5, §3, eff. Jan. 1, 2025.
Acts 1998, No. 51, §1, eff. July 1, 1998; Acts 2015, No. 125, §2, eff. July 1, 2015;
Acts 2015, No. 357, §1, eff. June 29, 2015; Acts 2016, 1
st
Ex. Sess., No. 29, §2; Acts 2017,
No. 400, §§2, 4, eff. June 26, 2017; Acts 2024, 3rd Ex. Sess., No. 5, §3, eff. Jan. 1, 2025;
Acts 2024, 3rd Ex. Sess., No. 6, §1, eff. Jan. 1, 2026.
NOTE: See Acts 2024, 3
rd
Ex. Sess., No. 5, §4, regarding applicability to franchise
tax periods beginning on or after Jan. 1, 2026.