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R-540CRWi (7/15--revised 07/01/16)
Instructions to Refundable Credits Reduction
Worksheet Form R-540CRW for use with Forms
IT-540, IT-540B and IT-540B NRA
This worksheet has been created to reflect the reduction in certain income tax credits according to Act 125 and Act 133 of the
2015 Regular Session of the Louisiana Legislature. The reductions are applicable when claimed on any return filed on or after
July 1, 2015, but before June 30, 2018 regardless of the taxable year the return relates. Please refer to Revenue Information
Bulletins 15-019 and 15-021 for information regarding amended returns and returns on extension. This worksheet should be
used in completing your individual income tax return. Round all amounts to the nearest dollar.
This form should be used only if you are amending a 2014 or prior tax year that was filed on or after July 1, 2015 but before
July 1, 2016 and the credit was claimed on that return.
If you are claiming the credit for the first time, you must use Form R-10610 (7/16) regardless of the tax year.
All references to Schedule F also include Schedule F-NR for those filing IT-540-B and Schedule F-NRA for those filing IT-540B-
NRA unless otherwise stated.
In the box labeled “Tax Year”, enter the tax year for which you are Line 4 – Milk Producers (58F) - R.S. 47:6032 allows a
completing this worksheet. refundable credit for a resident taxpayer engaged in the business
of producing milk for sale. Prior to Act 125, the cap amount
Line 1 – Enter the amount of the Louisiana Citizens Property for the credit was $30,000. Enter the amount of the credit as
Insurance assessment that was included in your homeowner’s figured based on Revenue Information Bulletin 08-014 in Column
insurance premium in Column 1. Multiply the credit by 72 percent 1. Multiply the amount by 72 percent (.72). The reduced cap is
(.72). Enter the result in Column 2 and on your return. Below are $21,600. Enter the results in Column 2 and on Schedule F under
the tax return types and line numbers to enter the credit on the additional refundable credits with the identifying three-digit code.
tax return.
Line 5 – Historic Residential (60F) - R.S. 47:297.6 allows a
Tax Year Form IT-540 Form IT-540B IT-540B NRA refundable credit for the amount of eligible costs and expenses
Schedule F Schedule F incurred during the rehabilitation of an owner-occupied residential
2006 Line 15A or owner-occupied mixed use structure located in a National
line 9 line 9
Register Historic District, a cultural district, a local historic
2007 Line 21 Line 21 Line 15A district, a Main Street District, or a downtown development
2008-2014 Line 22 Line 22 Line 15A district. Prior to the Act 125, the tax credit is limited to one credit
per rehabilitated structure and cannot exceed $18,500 per
Line 2 – Military Hunting and Fishing Licenses – R.S. 47:297.9 structure. Enter credit amount in Column 1. If the credit is for the
allows a credit for 100 percent of the amount paid by an active rehabilitation of an owner-occupied residential structure, the credit
or reserve servicemember, the spouse of an active or reserve shall be eighteen and one-half of one percent of the eligible costs
servicemember, or the dependent of such servicemember for and expenses of a rehabilitation for which an application for credit
obtaining a Louisiana noncommercial hunting and fishing license has been filed for the first time after July 1, 2011. If the credit is
was allowed. Calculate the original credit and enter the amount in for the rehabilitation of a vacant and blighted owner- occupied
Column 1. Multiply the credit by 72 percent (.72). Enter the result residential structure that is at least fifty years old, the credit is 36
in Column 2 and on Schedule F, Line 1. percent of the eligible costs and expenses of a rehabilitation for
Lines 3 through 7: The additional refundable credits that were which an application for credit has been filed for the first time after
reduced by Act 125 are referenced individually by a three- July 1, 2011. Calculate the reduced credit and enter amount in
digit code. Enter the dollar amounts in the appropriate spaces Column 2 and on Schedule F under additional refundable credits
in Column1 and 2 on Lines 3 through 7. Also enter the credit with the identifying three-digit code.
description, identifying code, and the dollar amount from Column Line 6 – Alternative Fuel (71F) - Fueling Station & Conversions
2 in the appropriate spaces on Schedule F. R.S. 47:6035 allows a refundable credit for the purchase of, or
NOTE: Use only the codes referenced in the table on this conversion of a vehicle designed to run on an alternative fuel.
worksheet. Prior to Act 125, the credit is equal to 50 percent of the cost of the
qualified clean-burning motor vehicle fuel property that has been
Line 3 – Prison Industry Enhancement (55F) - R.S. 47:6018 purchased and installed. If the taxpayer is unable to determine the
allows a refundable credit for the state sales and use tax paid exact cost attributable to the qualified clean-burning motor vehicle,
by a taxpayer on purchases of specialty apparel items from a please skip and go to Line 7. Calculate the credit and enter amount
private sector Prison Industry Enhancement (PIE) contractor. The in Column 1. Under Act 125, the credit is equal to 36 percent of the
amount of the credit shall be equal to the state sales and use cost of the qualified clean-burning motor vehicle fuel property that
tax paid by the purchaser on each case or other unit of apparel has been purchased and installed. Calculate the reduced credit
during the purchaser’s tax year as reflected on the books and and enter amount in Column 2 and on Schedule F under additional
records of the purchaser during his tax year. Enter the PIE credit refundable credits with the identifying three-digit code.
in Column 1. Multiply by 72 percent (.72). Enter the results in
Column 2 and on Schedule F under additional refundable credits Line 7 – Conversion of Vehicle to Alternative Fuel (71F) - Prior
with the identifying three-digit code. to Act 125, if the taxpayer is unable to determine the exact cost
attributable to the qualified clean-burning motor vehicle, a credit
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