§1484. Satisfaction of claims
A. At each regular session of the legislature, an amount shall be appropriated, except
as provided in Subsections B and C of this Section, for the purpose of paying any and all
claims that might be approved in accordance with the provisions of this Part, and which may
be drawn against for the purpose of paying claims that might be duly approved by the Board
of Tax Appeals.
B. With the consent of the parties involved, final rulings or judgments of the Board
of Tax Appeals concerning the overpayment of severance taxes may be additionally satisfied
as provided in R.S. 47:1621.1.
C.(1) When the Board of Tax Appeals has approved a claim against the state for
erroneous payments of corporate franchise tax, and the claim is not paid pursuant to
Subsection A of this Section within one year of the date the board's approval of the claim
becomes final, the secretary of the Department of Revenue and the claimant may agree that
the payment of the claim may be taken as an offset against state corporate income or
franchise tax liability of the claimant.
(2) Up to twenty-five percent of the total claim approved by the board shall be
allowed as an offset in each of the four taxable years immediately following the agreement
of the parties to the offset. For each taxable year in which an offset authorized by this
Subsection is taken, the amount of the offset shall not exceed the amount of the state
corporate income or franchise tax liability against which the offset is taken after application
of all income or corporation franchise tax credits. The secretary shall authorize an extension
of time not to exceed two years within which an offset may be taken if payment of the
amount of the total claim approved is not satisfied after four years.
(3) A party for which the secretary has authorized an offset pursuant to this
Subsection may transfer the offset to a member of the party's affiliated group included in the
federal consolidated return filed under the Internal Revenue Code. Any offset transferred to
a member of the federal consolidated group shall be allowed only as an offset against the
same taxes and shall be subject to the same limitations provided in Paragraph (2) of this
Subsection. The transfer shall be in accordance with the procedures set forth by rule or on
forms or instructions provided by the secretary.
(4) No offset authorized pursuant to this Subsection may be taken prior to July 1,
Acts 1989, 2nd Ex. Sess., No. 15, §2, eff. July 24, 1989; Acts 2016, No. 335, §1, eff.
June 5, 2016.