Louisiana Revised Statutes — Title 47 (Revenue and Taxation)

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Repealed by Acts 2024, 3rd Ex.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.

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