re: La. Tax on Small Biz Deemed Unconstitutional - LDR says "too bad" on $70M paid into it

Statute of limitations on the 2015 returns is 12/31/18. Someone better act quick...

Amended returns are due 3 years from original filing due date. So we have a few months.

LDR does not have the people or processes in place to deal with the tens of thousands of amended returns that this will generate. Nor do they have the people and processes in place to just look at the "credit for other state taxes" schedule and just process the refunds off of that.

But they need to figure it out. They knew this was likely.

We about to find out how powerful the CPA society and state bar are.

And while LDR is being difficult, don't forget the true fault lies with the legislature and our former governor for passing this law.

By the way, I am surprised the court threw out the entire Act 109. While the parts forbidding taxes like TX margin tax were clearly wrong, I thought that limiting tax credit to the anoint due had it been LA income, was reasonable. I don't think CA tax should be able to effectively offset tax on non CA income.., which was possible under the old rules.

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What? I didn’t feel like looking up the vote on this legislation so I assumed, based on my knowledge of his voting record, that he favored this bill.

Jackass