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IT-541i (1/24)

General Information and Instructions for
Completing Form IT-541 Fiduciary Income Tax Return

Who Must File a Return even if the decedent was domiciled in another state at the time
Louisiana Revised Statute (R.S.) 47:162 provides that every of death. Any trust instrument that does not specify as to which
resident estate or trust and every nonresident estate or trust state’s governing law prevails and that is administered in this state
deriving income from Louisiana sources is liable for an income tax is considered a resident trust.
under the following guidelines:
Nonresident Bankruptcy Estate – A bankruptcy estate formed for
1. The net income of an estate or trust for the taxable year is a debtor for which a petition for relief has been filed and granted
$2,500 or more; under the Bankruptcy Code with any bankruptcy court not located
2. The gross income of an estate or trust for the taxable year is in Louisiana.
$6,000 or more, regardless of the amount of net income; Nonresident Estate – The estate of a decedent who was not
3. The beneficiary of an estate or trust is a nonresident of domiciled in Louisiana at the time of death.
Louisiana.
Nonresident Trust – Any trust that is not considered to be a resident
Grantor trusts, defined in R.S. 47:187 are also required to file a trust. If the trust instrument provides that the trust is governed by
return if any part of the net Louisiana income is taxable to the trust another state’s law, the trust is considered to be a nonresident trust
or to the nonresident beneficiaries of the grantor trust. even if the decedent was domiciled in Louisiana at the time of death.

Definitions Foreign Estates and Trusts Located Outside the United States
Bankruptcy Estate – An estate formed for a debtor for which a Foreign estates and trusts located outside the United States are
petition for relief has been filed and granted under chapter 7 or generally not required to file a United States fiduciary income
chapter 11 of title 11 of the United States Code (“Bankruptcy Code”). tax return. However, if the estate or trust derived income from
• If the debtor is an individual, the bankruptcy estate is treated Louisiana sources, the filing of a Louisiana fiduciary income tax
under federal law, and thus Louisiana, as a separate taxable return is required. The tax is imposed in the same manner as any
entity. other nonresident estate or trust. An alternate method of imposing
the tax provided under R.S. 47:300.3(3) allows estates and trusts
• A separate taxable entity is not created if a partnership or located outside the United States to elect to be taxed on total gross
corporation files a petition under any chapter of title 11 of the income from Louisiana sources at the rate of 5%. If this election is
U.S. Bankruptcy Code. being made, enter a "1" in the box on Line 7.

Fiduciary – Any person, firm, partnership, or association in whom Fiduciary Responsibility
a legal or ethical relationship of trust is established between two or As an entity in whom a relationship of trust is established to manage
more parties to manage and protect property or money. A fiduciary and protect property and money, the fiduciary is responsible for the
will have sufficient knowledge of the affairs of the trust or estate to preparation and filing of a true and correct return. R.S. 47:300.5
enable the preparation and filing of a true and correct return. provides that the fiduciary of an estate or trust is personally liable
Foreign Estate – Estates located outside the United States that for the payment of all taxes, penalties, and interest due by the
derive income from Louisiana sources but are not required to file estate or trust. The tax liability imposed on any beneficiary of the
United States fiduciary income tax returns. estate and trust is not the responsibility of the fiduciary.

Foreign Trust – Trusts located outside the United States that derive Income Taxed To Fiduciary
income from Louisiana sources but are not required to file United Under the provisions of R.S. 47:181 and R.S. 47:300.2, the income
States fiduciary income tax returns. tax imposed on an estate or trust for which a fiduciary will file
applies to the Louisiana taxable income of estates or of any kind of
Louisiana Taxable Income – R.S. 47:300.6 defines Louisiana property held in trust, including:
taxable income of a resident estate or trust as the amount of income
taxed in accordance with federal law for the same taxable year. 1. Income accumulated in trust for the benefit of unborn or
R. S. 47:300.7 defines Louisiana taxable income of a nonresident unascertained persons or persons with contingent interests,
estate or trust as the amount of income taxed in accordance with and income accumulated or held for future distribution under
federal law earned within or derived from sources within Louisiana the terms of the will or trust;
for the same taxable year. 2. Income that is to be distributed currently by the fiduciary to the
Resident Bankruptcy Estate – A bankruptcy estate formed for a beneficiaries and income collected by a guardian of a minor
debtor for which a petition for relief has been filed and granted under that is to be held or distributed as the court may direct;
the Bankruptcy Code with any bankruptcy court located in Louisiana. 3. Income received by the estates of deceased persons during
the period of administration or settlement of the estate; and,
Resident Estate – The estate of a decedent who was domiciled in
Louisiana at the time of death. 4. Income that, in the discretion of the fiduciary, may be either
distributed to the beneficiaries or accumulated.
Resident Trust – A trust or a portion of a trust created by the last
will and testament of a decedent domiciled in Louisiana at the time NOTE: Include all income from Electing Small Business Trusts
of death. If the trust instrument provides that the trust is governed (ESBTs) on this return. Also, there is no special tax calculation for
by Louisiana law, the trust is considered to be a resident trust this income and no need to file a separate return.
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Tax Rates Applied to Louisiana Taxable Income                             an individual income tax return in Louisiana in the same taxable 
R.S. 47:300.1 provides the tax to be assessed, levied, collected,         year it is earned, the individual is allowed to take the exclusion 
and paid upon the Louisiana taxable income of an estate or trust          of the distributed income on their individual income tax return for 
shall be computed at the following rates:                                 that taxable year. If the income is distributed to a corporation as a 
                                                                          member, shareholder, or partner of an electing entity, the income is 
1.  1.85% on the first $10,000 of Louisiana taxable income.               taxable to the corporation. 
2. 3.5% on the next $40,000 of Louisiana taxable income.
3. 4.25% on Louisiana taxable income in excess of $50,000.                Electronic Filing Mandate
                                                                          Louisiana  Administrative Code (LAC) 61:III.1509 requires the 
Information at Source                                                     electronic filing of the Form IT-541, if the return is filed with one or 
R.S. 47:164 provides that any person, firm, partnership, trust,           more Schedule K-1s attached. 
corporation, or organization making payments totaling $1,000 or more 
during any taxable year for lease bonuses, delay rentals, mineral leases  Due Date of the Fiduciary Return
affecting lands located in Louisiana and rentals paid for real property   A 2023 calendar year return is due on May 15, 2024. Fiscal year 
located in Louisiana to a nonresident individual or a firm, partnership,  returns must be filed on or before the 15th day of the fifth month 
trust, corporation, or organization not located in Louisiana shall file   after the close of the fiscal period. If the due date falls on a weekend 
an information return with the Secretary of Revenue on or before          or legal holiday, the return is due the next business day.
June 1 of the following year for each payee. The Federal Information 
Return Form (Form 1099) used for reporting such payments to the           Where to File a Fiduciary Return
Internal Revenue Service may  be used for reporting  the required         Fiduciary returns must be filed with the Louisiana Department of 
information. A completed Federal Form 1099 should include: the name       Revenue, P. O. Box 3440, Baton Rouge, Louisiana 70821-3440. 
and address of the entity receiving the payment, a Federal Employer       DO NOT SEND CASH. Checks or money orders should be made 
Identification Number or the Social Security Number of the payor and      payable to the Louisiana Department of Revenue. 
payee, and the amount and description of the payment made to the 
payee. Federal Form 1099 should be included with the filing of Form       An electronic payment option is available on the LDR website at 
R-1203, L-3 Transmittal of Withholding Tax Statements. Informational      www.revenue.louisiana.gov/latap. You can also pay your taxes by 
returns reporting other items of income that would normally appear on     credit card over the internet or by telephone. Visit www.revenue.
the Federal Form 1099 are required only upon the specific request of      louisiana.gov for more information.
the Secretary of Revenue.
                                                                          Extension of Time for Filing
For this purpose, amounts distributable to beneficiaries will be          If you know you cannot file your return by the due date, you do not 
reportable if the income shown on the fiduciary return is for lease       need to file for an extension. You will automatically be granted an 
bonuses, delay rentals, or royalties from mineral leases affecting        extension of six months to November 15, 2024.
lands located in Louisiana and rentals paid for the use of real 
property located in Louisiana.                                            Important:  An extension does not relieve you of your 
                                                                          obligation to pay all tax amounts due by the original due 
Annual Information Return of Service Recipient                            date. If you anticipate that you will owe additional tax on your 
R.S. 47:114.1 requires all service recipients who are required to         return, then you should submit your payment with Form R-6466V, 
file Federal Form 1099-NEC with the IRS to file any Form 1099-            Fiduciary Income  Tax Electronically Filed Extension Payment 
NEC for services provided in Louisiana or for services performed          Voucher, by May 15, 2024. An extension means only that you will 
by an individual residing in Louisiana at the time the services were      not be assessed a delinquent filing penalty for filing your return 
performed with LDR. Form 1099-NEC can be filed electronically,            after the due date but before the extended due date. Interest on 
or if you are filing less than 50, by paper with the filing of Form       the additional tax due from the due date of the return and any 
R-91001, Annual Summary and Transmittal of Form 1099-NEC. See             penalties will be assessed if applicable. If you file your return 
LDR's website for more information.                                       after the extended due date, you will be assessed delinquent 
                                                                          filing penalty from the original due date of the return. NOTE: No 
Electric and Hybrid Vehicle Road Usage Fee                                paper or electronic extension form needs to be filed to obtain the 
Louisiana imposes a road usage fee on the owner or lessee of              automatic extension.
an electric or hybrid vehicle registered and operated in Louisiana 
during the calendar year as provided by R.S. 32:461. The fee is           Amended Returns
dedicated to state and  local transportation  and development             If you file your fiduciary income tax return and later become aware of 
funds and is to supplement the “road tax” paid on gas. The fee for        any changes you must make, you must file an amended Louisiana 
2023 is due on or before May 15, 2024 and is reported by filing           return along with an explanation of the change(s) and a copy of the 
Form R-19000, Electric and Hybrid Vehicle Road Usage Fee. For             federal amended return, if one was filed. The form should be clearly 
additional information, see LAC 61:I.5501.                                marked with an "X" in the "Amended Return" box.

Pass-Through Entity Tax Election                                          Federal Tax Adjustments
If  the income  earned by  an estate  or trust  as a  member,             R.S. 47:103(C) requires taxpayers whose federal returns are adjusted 
shareholder, or partner of an electing entity is included as income       to furnish a statement disclosing the nature and amounts of such 
on the fiduciary income tax return, the trust or estate is allowed to     adjustments within 60 days after the adjustments have been made and 
take the exclusion of the income on its income tax return. Resident       accepted. This statement should accompany your amended return.
estates or trusts should refer to the instructions for Lines 2D and 
3D, nonresidents see Schedule A, Lines 4 and 5D.                          Rounding to Whole Dollars
                                                                          Round cents to the nearest whole dollar on Form IT-541.  Total 
If the income earned by an estate or trust as a member, shareholder,      prepayments, including any credit carried forward from last year, 
or partner of an electing entity is distributed to a beneficiary filing   should also be rounded to the nearest whole dollar.
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Allocation and Apportionment of Net Income 540B does not need to be completed or attached to the Form IT-
The Louisiana income tax is imposed upon only that part of the net 541.
income of a nonresident estate or trust that is derived from sources
within Louisiana. Nonresident estates and trusts are required to Special Filing Instructions for a Rapid Tax Determination Request
allocate and apportion their income. Use Schedule A – Computation To request a rapid tax determination from LDR, the bankruptcy
of Louisiana taxable income before income distribution deduction estate should mail a letter requesting a rapid tax determination of
and Schedule B – Computation of apportionment percentage to the kind provided for by Bankruptcy Code Section 505(b)(2)), along
calculate the amount of Louisiana taxable income before the with the tax returns for the covered tax periods to the department
income distribution deduction. at:
Special Filing Instructions for Bankruptcy Estates of an Louisiana Department of Revenue
Individual Debtor Bankruptcy Section, Collection Division
If a bankruptcy estate is filing Form IT-541 for an individual debtor, ATTN: Bankruptcy Section Supervisor
a copy of Federal Form 1041 and the attached Form 1040, must be
attached to the return. The Louisiana income tax for the fiduciary Post Office Box 66658
is calculated under the tax rates for fiduciaries. Form IT-540 or IT- Baton Rouge, Louisiana 70896-6658

INSTRUCTIONS FOR COMPLETING FORM IT-541

About this Form Change” box when filing your return, or can be submitted by
The return has been designed for electronic scanning, which permits accessing your account at www.revenue.louisiana.gov/latap. Mark
faster processing with fewer errors. In order to avoid unnecessary all applicable boxes indicating whether the trust is a resident trust
delays caused by manual processing, taxpayers should follow the or a nonresident trust and whether the return being filed is an initial
guidelines listed below: return, an amended return, a final return, or a short period return.
1. Enter amounts only on those lines that are applicable. Indicate the date the entity was created and the fiduciary's six
digit 2022 North American Industry Classification System (NAICS)
2. Use only a pen with black ink. Code in the spaces provided. Provide the number of Schedules
3. Because this form is read by a machine, enter your numbers K-1 and attach them to the return. Enter the code(s) that describes
inside the boxes like this: the entity for which you are filing the return. In some cases more
than one code should be entered. For each entity type checked on
0 1 2 3 4 5 6 7 8 9 X Federal Form 1041, Box A, enter the code(s) from the following list:
4. All numbers should be rounded to the nearest dollar. Numbers
Code Entity Type
should NOT be entered over the pre-printed zeros, in the
boxes on the far right, which are used to designate cents (.00). A Decedent's Estate
5. For Lines 1 and 4, mark the box to the left of the entry field B Simple Trust
if the amount is less than zero. Do not use a negative sign C Complex Trust
or parentheses with the amount. For example, if your Federal D Qualified Disability Trust
taxable income on Line 1 is a $10,000 loss, mark the box on E ESBT (S portion only)
Line 1 and enter 10,000. F Grantor Type Trust
6. To avoid any delay in processing, use this form for 2023 only. G Bankruptcy Estate - Ch. 7
7. If you are filing an amended return, mark an “X” in the “Amended H Bankruptcy Estate - Ch. 11
Return” box on the face of the return. I Pooled Income Fund
Period covered J Split-Interest Trust
Mark the box to indicate a calendar year return or a fiscal year K Charitable Remainder Trust
return. For fiscal year and 52 - 53 week filers, the dates on which
the reported period begin and end must be plainly stated in the COMPUTATION OF INCOME
appropriate space at the top of the return. The income tax period Line 1 – Federal Taxable Income before Modifications
must be the same as that used for federal income tax purposes. Resident bankruptcy estates enter the taxable income amount
reported on Line 15 of the Federal Form 1040 that is an attachment
Returns for part of the year to the Federal Form 1041. Resident Electing Small Business
Mark the appropriate box to indicate the filing of a short period Trusts (ESBT) enter the combined amount of the taxable
return or a final return. For a short period return, the dates on which income of the S portion of the ESBT, and the amount reported
the reported period begin and end must be plainly stated in the for the non-S portion on Federal Form 1041, Line 23. All other
appropriate space at the top of the return. The income tax period resident trusts and resident estates enter the taxable income
must be the same as that used for federal income tax purposes. amount reported on Federal Form 1041, Line 23.
Information Required If the estate or trust is a nonresident estate or trust, DO NOT
Provide the LDR Account Number for the Estate or Trust, its Federal complete Lines 1 through 3G. Complete Schedule A –
Identification Number, and the legal name of the estate or trust. Two Computation of Louisiana Taxable Income before Income
lines are provided for the name. Provide the mailing address, city, Distribution Deduction and Schedule B - Computation of
state, and zip code. If there is a change in your address since last Apportionment Percent, if any of the net income is subject to
year’s return, mark an “X” in the “Address Change” box. A direct apportionment. See instructions for Schedule A.
address change can be accomplished by marking the “Address
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ADDITIONS and the pro forma Federal Form 1041. If the difference is a loss,
the loss must be added to your federal taxable income on this line.
Line 2A – Net Income Tax Paid to any State or Political or
Municipal Subdivision
Line 2E – Federal Exemption
Enter the amount of net income tax paid to any state, political,
Resident bankruptcy estates enter zero "0" on this line. Resident
or municipal subdivision that was deducted in the calculation of
trusts, and all other resident estates, enter the exemption amount
federal taxable income.
reported on Federal Form 1041, Line 21.
Line 2B – Interest Income from other States and their Political
Line 2F – Federal Income Distribution Deduction
or Municipal Subdivisions
Resident bankruptcy estates enter zero. Resident trusts, and all other
Enter the amount of interest on obligations of a state, political, or
resident estates, enter the amount from Federal Form 1041, Line 18.
municipal subdivision other than Louisiana and its municipalities
that are vested with the estate, trust, or fiduciary on or after
Line 2G – Total
January 1, 1980.
Add Lines 2A through 2F.
Line 2C – Donation to School Tuition Organization Credit or
Donation to Qualified Foster Care Charitable Organization Credit SUBTRACTIONS
R.S. 47:6301(A)(1)(a) provides for a prohibition on double state Line 3A – Interest and Dividends on U.S. Government Obligations
benefits for a donation to a school tuition organization (STO). If Enter the amount of interest and dividends from U.S. government
you claimed the credit for a donation to a STO on IT-541, Schedule obligations or any income that is exempt from taxation under the
NRC-P3, you must add back certain deductions taken at the federal laws of Louisiana.
level otherwise deductible for state income tax purposes if the
corporation’s federal deductions for charitable contributions allowed Line 3B – Depletion in Excess of Federal Depletion
by Internal Revenue Code Section 170 included a deduction for Enter the amount of Louisiana depletion in excess of federal depletion.
the donation made by the corporation to the STO. See Revenue In computing net income in the case of oil and gas wells, a deduction
Information Bulletin 18-024 for more information. is allowed for cost depletion or percentage depletion, whichever is
greater. Percentage depletion is calculated as 22% of gross income
R.S. 47:6042(A)(1)(c) provides for a prohibition on double state from the property during the taxable year, excluding from such gross
benefits for a donation to a qualified foster care organization. income an amount equal to any rents and royalties paid or incurred
If you claimed the credit for a donation to a qualified foster care by the taxpayer from the property. The depletion deduction cannot
organization on IT-541, Schedule NRC-P3, you must add back exceed 50% of the net income of the taxpayer computed without
certain deductions taken at the federal level otherwise deductible allowance for depletion from the property. In determining net income
for state income tax purposes if the corporation’s federal deductions from the property, federal income tax is considered an expense.
for charitable contributions allowed by Internal Revenue Code
Section 170 included a deduction for the donation made by the Line 3C – S Bank Exclusion
corporation to the qualified foster care organization. See LAC Enter the amount of the S Bank shareholder exclusion that the
61:I.1925 for more information. estate or trust can claim. The amount of the exclusion is considered
nontaxable income. R.S. 47:297.3(B)(5) provides that “S Bank
The addition required to be made on Line 2C is the amount of the nontaxable income” means: (A) the portion of the income reported
charitable contribution made to the STO and the qualified foster by an S Bank on Federal Form 1120S Schedule K-1 or, (B) the
care organization claimed on the fiduciary's federal return. The portion of the income reported by an S Bank on an equivalent
addition is limited to the amount of the credit claimed on the return document, which is attributable to the net earnings used to compute
for the corresponding donation. the S Bank’s share's tax as provided in R.S. 47:1967. Attach a copy
of Schedule K-1 as documentation for the amount excluded. The
Line 2D – Add Back of Pass - Through Entity Loss exclusion is only allowed if the entity did not make the pass-through
R.S. 47:300.6(B)(2)(e)(i) provides an exclusion for an estate or entity tax election under R.S. 47:287.732.2.
trust who is a shareholder, member, or partner of an entity that Line 3D – Pass - Through Entity Exclusion
made the pass-through entity tax election under R.S. 47:287.732.2. R.S. 47:300.6(B)(2)(e)(i) provides for an exclusion for an estate or
This election allows S corporations, and other entities taxed as trust who is a shareholder, member, or partner of an entity that
partnerships for federal income tax purposes, to pay Louisiana made the pass-through entity tax election under R.S. 47:287.732.2.
income tax at the entity level. The entity must have received LDR’s This election allows S corporations, and other entities taxed as
approval of the election. The add-back amount is the Louisiana partnerships for federal income tax purposes, to pay Louisiana
net operating loss that was reported at the entity level for this tax income tax at the entity level. The entity must have received LDR’s
year that is included on Federal Form 1041. You must also include approval of the election. The excluded amount is the income that
any net operating loss carried forward from a tax year in which the was taxed at the entity level that is included on Federal Form
election was made and utilized in this tax year. 1041. This amount should be included in the amount on Line 1. Do
not include income not taxed at the entity level such as interest
This amount should be included in the amount on Line 1. Do not and dividend income. See Revenue Information Bulletin 23-022
include income not taxed at the entity level such as interest and and LAC 61:I.1001 for more information. You must attach a copy
dividend income. See Revenue Information Bulletin 23-022 and of Form R-6981, Louisiana Statement of Owner’s Share of Entity
LAC 61:I.1001 for more information. You must attach a copy of Level Tax Items, and a pro forma Federal Form 1041 that excludes
Form R-6981, Louisiana Statement of Owner’s Share of Entity any income, deductions or other tax items that were included in
Level Tax Items, and a pro forma Federal Form 1041 that excludes the calculation of Louisiana net income on the entity’s Louisiana
any income, deductions or other tax items that were included in Form CIFT-620. The amount that you can exclude is the difference
the calculation of Louisiana net income on the entity’s Louisiana in federal taxable incomeI calculated on your Federal Form 1041
Form CIFT-620. The amount that you can exclude is the difference and the pro forma Federal Form 1041. If the difference is a loss,
in federal taxable income calculated on your Federal Form 1041 the loss must be added to your federal taxable income on Line 2D.
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Line 3E – Exemption limited to the amount of Louisiana income tax that would have been
Enter 2,500. imposed if the income earned in the other state had been earned
in Louisiana.
Line 3F – Other Subtractions
On a separate schedule, list the source and amount of other The credit is equal to the lesser of the amount of taxes paid to the
subtractions allowed from federal net income. For the deduction other state or the amount determined by multiplying the taxpayer’s
for employment of certain qualified disabled individuals (R.S. Louisiana income tax liability by a fraction, the numerator of which
47:297.13), Form R-10605, Application for Deduction for is the taxpayer’s Louisiana taxable income attribut able to the other
Employment of Certain Qualified Disabled Individuals, must be state to which net income taxes were paid, and the denominator of
attached to your return. which is total Louisiana taxable income. See Revenue Information
Bulletin 16-052 for information on qualifying states. A copy of the
Line 3G – Total returns filed with the other states must be attached to your return
Add Lines 3A through 3F. along with Form R-10606, Supplemental Worksheet for Credit for
Taxes Paid to Other States. If the taxes were paid on your behalf
Line 4 – Louisiana Taxable Income before Income Distribution on a composite return to another state, copies of the return for the
Deduction other state and your Schedule K-1 must be attached to the return.
For resident estates and trusts, Louisiana taxable income before
the income distribution deduction is calculated by adding the Line 9 – Other Nonrefundable Priority 1 Income Tax Credits
amount on Line 1 to the amount on Line 2G and subtracting the Enter the amount from Schedule NRC-P1, Line 7.
amount on Line 3G. Enter the result. For nonresident estates and
trusts, complete Schedule A and Schedule B. Enter the result from Line 10 – Total Income Tax after Priority 1 Credits
Schedule A, Line 13 and check the box on Line 4. Subtract Lines 8 and 9 from Line 7.
Line 5 – Louisiana Income Distribution Deduction Line 11 – Refundable Priority 2 Credits
Enter the portion of Louisiana income that was distributed or was Enter the amount from Schedule RC-P2, Line 9.
required to be distributed to the beneficiaries. Complete Schedule
C – Distributive Shares of Beneficiaries by providing information for Line 12 – Tax Liability After Priority 2 Credits
each beneficiary. If Line 10 is greater than Line 11, subtract Line 11 from Line 10.
Otherwise enter zero "0".
Line 6 – Louisiana Taxable Income
Subtract Line 5 from Line 4. If less than zero, enter zero. Line 13 – Overpayment After Priority 2 Credits
If Line 11 is greater than Line 10, subtract Line 10 from Line 11.
Line 7 – Total Tax Otherwise enter zero "0".
The Louisiana taxable income from Line 6 is taxed in three distinct
brackets, at 1.85%, 3.5%, and 4.25%, respectively. Complete Line 14 – Nonrefundable Priority 3 Credits
Worksheet 1 - Calculation of Income Tax to determine your income Enter the amount from Schedule NRC-P3, Line 10. These credits
tax liability. Enter a “1” in the box on Line 7 if a foreign estate or trust are limited to the tax liability calculated on Line 12.
electing to be taxed on total gross income from Louisiana sources
at the rate of 5%. Line 15 – Tax Liability After Priority 3 Credits
Subtract Line 14 from Line 12. If the result is less than zero, enter
Line 8 – Credit for Net Income Taxes Paid to Other States zero “0.”
Resident estates or trusts are allowed a credit for net income taxes
paid to other states. Note that you may not claim the tax withheld; Line 16 – Overpayment After Priority 2 Credits
you must file a return with the other state and claim the tax actually Enter the amount from Line 13.
paid. You may not claim credit for taxes paid to cities or foreign
countries. See Revenue Ruling 02-013 for information on taxes Line 17 – Refundable Priority 4 Credits
paid to the District of Columbia. Enter the amount from Schedule RC-P4, Line 6.

The credit is allowed ONLY if the other state does not allow a Line 18 – Amount of Credit Carried Forward from 2022
nonresident credit against the income taxes imposed by that state Enter the amount of any credit carried forward from 2022. This
for taxes paid or payable to the state of resident. The credit is amount is shown on your 2022 Form IT-541, Line 24.

Worksheet 1 - Calculation of Income Tax
1 Louisiana Taxable Income – Enter the amount of taxable income from $ TAX
Line 6.
First bracket: If Line 1 is greater than $10,000, enter $10,000. If Line 1 is
2 less than $10,000, enter the amount from Line 1. Multiply the balance by $ 2 1.85%
1.85% rounding to the nearest cent, and enter the result in the TAX column. Rate $

Second Bracket: Subtract Line 2 from Line 1. If the balance is zero or
3 less, enter zero “0.” If the balance is greater than zero, enter the balance 3 3.5%
or $40,000, whichever is less. Multiply balance by 3.5% rounding to the $ Rate $
nearest cent, and enter the result in the TAX column.
Third Bracket: Subtract $50,000 from Line 1, and enter the balance. If
4 less than zero, enter zero “0.” Multiply the balance by 4.25% rounding to $ 4 4.25%
the nearest cent, and enter the result in the TAX column. Rate $

round to the nearest dollar. Enter here and on Form IT-541, Line 7. $
5 Total Tax: Add the amounts in the tax column on Lines 2, 3, and 4, and 5 $ .00

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Line 19 – For Nonresident Filers Only – Amount Paid on Your Enter the amount from the Interest Calculation Worksheet.
Behalf by a Composite Partnership Filing
Enter the amount of any payment made on your behalf by a Line 28 – Delinquent Filing Penalty
composite partnership filing. Enter the name of the partnership on If you fail to file your tax return by the extended due date – on
the line provided on the return. If more than one partnership made or before November 15, 2024, for calendar year filers, on or
a payment on your behalf, attach a schedule labeled with your before your fiscal year extended due date, you may be charged
name and Federal Employer Identification Number (FEIN), and list a delinquent filing penalty. Enter the amount from the Delinquent
each partnership and payment made. Filing Penalty Calculation Worksheet.

Line 20 – Amount of Louisiana Tax Withheld for 2023 Line 29 – Delinquent Payment Penalty
Enter the amount of Louisiana income tax withheld in 2023. You If you fail to pay the tax due by the due date – on or before May
must attach copies of all W-2 and 1099 forms that indicate tax was 15, 2024, for calendar year filers, you may be charged delinquent
withheld. payment penalty. Enter the amount from the Delinquent Payment
Penalty Calculation Worksheet.
Line 21 – Amount of Estimated Payments for 2023 and
Amount of Extension Payment Line 30 – Total Amount Due
Enter the total amount of estimated payments made for the 2023 tax Add Lines 26 through 29.
year and the amount of extension payment from Schedule D, Line 6.
Signature on Return
Line 22 – Total Refundable Tax Credits and Payments In order to be considered complete and to meet the requirements
Add Lines 16 through 21. of the Louisiana Income Tax Law, the return must be signed by
the individual or authorized officer of the organization receiving or
Line 23 – Overpayment having custody or control and management of the income of the
If Line 22 is greater than Line 15, subtract Line 15 from Line 22. If estate or trust. If two or more individuals act jointly as fiduciaries,
Line 22 is equal to Line 15, enter a zero "0" on Lines 23 through 30. any one of them may sign the return.
If Line 22 is less than Line 15, enter a zero "0" on Lines 23 through
25 and go to Line 26. Paid Preparer Instructions – If your return was prepared by a
paid preparer, that person must also sign in the appropriate space,
Line 24 – Amount to be Credited to 2024 complete the information in the “Paid Preparer Use Only” box
Enter the amount of available overpayment shown on Line 23 that and enter his or her identification number in the space provided
you wish to credit to 2024. under the box. If the paid preparer has a Preparer Tax Identification
Number (PTIN), the PTIN must be entered in the space provided
Line 25 – Amount to be Refunded under the box; otherwise enter the FEIN or LDR account number.
Subtract Line 24 from Line 23. This amount is to be refunded. If the paid preparer represents a firm, the firm’s FEIN must be
entered in the “Paid Preparer Use Only” box. The failure of a paid
Line 26 – Amount Owed preparer to sign or provide an identification number will result in the
If Line 15 is greater than Line 22, subtract Line 22 from Line 15. assessment of the unidentified preparer penalty on the preparer.
The penalty of $50 is for each occurrence of failing to sign or failing
Line 27 – Interest to provide an identification number.
Interest is charged on all tax amounts not paid by the due date.

INSTRUCTIONS FOR SCHEDULE A - Computation of Louisiana Taxable Income before Income Distribution Deduction

Use Schedule A when reporting income of nonresident estates and Line 3 – Donation to School Tuition Organization Credit or
trusts that earn income from Louisiana sources. R.S. 47:300.3(2) Donation to Qualified Foster Care Charitable Organization Credit
provides that income items of nonresident estates and trusts are R.S. 47:6301(A)(1)(a) provides for a prohibition on double state
subject to allocation or apportionment as determined by R.S. benefits for a donation to a school tuition organization (STO). If
47:241 through R.S. 47:247. you claimed the credit for a donation to a STO on IT-541, Schedule
NRC-P3, you must add back certain deductions taken at the federal
Line 1 – Federal Taxable Income before the Exemption and level otherwise deductible for state income tax purposes if the
Distribution Deduction corporation’s federal deductions for charitable contributions allowed
Nonresident bankruptcy estates enter the taxable income amount by Internal Revenue Code Section 170 included a deduction for
reported on Line 15 of the Federal Form 1040 that is an attachment the donation made by the corporation to the STO. See Revenue
to the Federal Form 1041. Nonresident Electing Small Business Information Bulletin 18-024 for more information.
Trusts (ESBT) enter the combined amount of the taxable income of
the S portion of the ESBT, and the amounts reported for the non-S R.S. 47:6042(A)(1)(c) provides for a prohibition on double state
portion on Line 18, Line 21, and Line 23 of Federal Form 1041. All benefits for a donation to a qualified foster care organization.
other nonresident trusts and nonresident estates enter the sum of If you claimed the credit for a donation to a qualified foster care
the amounts reported on Line 18, Line 21, and Line 23 of Federal organization on IT-541, Schedule NRC-P3, you must add back
Form 1041. certain deductions taken at the federal level otherwise deductible
for state income tax purposes if the corporation’s federal deductions
Line 2 – Net Income Taxes Paid to any State or Political or for charitable contributions allowed by Internal Revenue Code
Municipal Subdivision Section 170 included a deduction for the donation made by the
Enter the amount of net income taxes paid to any state or political corporation to the qualified foster care organization. See LAC
or municipal subdivision deducted on Federal Form 1041. 61:I.1925 for more information.

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The addition required to be made on Line 3 is the amount of the Line 5D – Pass - Through Entity Exclusion
charitable contribution made to the STO and the qualified foster 47:300.7(C)(2)(d)(i) provides for an exclusion for an estate or
care organization claimed on the fiduciary's federal return. The trust who is a shareholder, member, or partner of an entity that
addition is limited to the amount of the credit claimed on the return made the pass-through entity tax election under R.S. 47:287.732.2.
for the corresponding donation. This election allows S corporations, and other entities taxed as
partnerships for federal income tax purposes, to pay Louisiana
Line 4 – Add Back of Pass - Through Entity Loss income tax at the entity level. The entity must have received LDR’s
R.S. 47:300.7(C)(2)(d)(i) provides for an exclusion for an estate or approval of the election. The excluded amount is the income that
trust who is a shareholder, member, or partner of an entity that was taxed at the entity level that is included on Federal Form
made the pass-through entity tax election under R.S. 47:287.732.2. 1041. This amount should be included in the amount on Line 1. Do
This election allows S corporations, and other entities taxed as not include income not taxed at the entity level such as interest
partnerships for federal income tax purposes, to pay Louisiana and dividend income. See Revenue Information Bulletin 23-022
income tax at the entity level. The entity must have received LDR’s and LAC 61:I.1001 for more information. You must attach a copy
approval of the election. The add-back amount is the Louisiana of Form R-6981, Louisiana Statement of Owner’s Share of Entity
net operating loss that was reported at the entity level for this tax Level Tax Items, and a pro forma Federal Form 1041 that excludes
year that is included on Federal Form 1041. You must also include any income, deductions or other tax items that were included in
any net operating loss carried forward from a tax year in which the the calculation of Louisiana net income on the entity’s Louisiana
election was made and utilized in this tax year. Form CIFT-620. The amount that you can exclude is the difference
in federal taxable income calculated on your Federal Form 1041
This amount should be included in the amount on Line 1. Do not and the pro forma Federal Form 1041. If the difference is a loss, the
include income not taxed at the entity level such as interest and loss must be added to your federal taxable income on Line 4.
dividend income. See Revenue Information Bulletin 23-022 and
LAC 61:I.1001 for more information. You must attach a copy of Line 5E – Other Subtractions
Form R-6981, Louisiana Statement of Owner’s Share of Entity On a separate schedule, list the source and amount of other
Level Tax Items, and a pro forma Federal Form 1041 that excludes subtractions allowed from federal net income.
any income, deductions or other tax items that were included in
the calculation of Louisiana net income on the entity’s Louisiana • For the deduction for employment of certain qualified disabled
Form CIFT-620. The amount that you can exclude is the difference individuals (R.S. 47:297.13), Form R-10605, Application for
in federal taxable income calculated on your Federal Form 1041 Deduction for Employment of Certain Qualified Disabled
and the pro forma Federal Form 1041. If the difference is a loss, Individuals, must be attached to your return.
the loss must be added to your federal taxable income on this line.
• Exclusion for compensation for disaster services – include
Line 5A – Income Exempt from Taxation the amount of income excluded as compensation for
Enter the amount of any income that is exempt from taxation under disaster services. The exclusion is for income received by a
the laws of Louisiana, or that is prohibited from taxation by the nonresident business for performing disaster or emergency-
Constitution or laws of the United States. This amount must be related work within the state during a declared emergency
subtracted from federal taxable income. An example of such income period beginning January 1, 2018. The exclusion applies only
would be interest on U.S. government obligations. A schedule of the for income received in exchange for disaster or emergency-
items on this line must be supplied. related work related to critical infrastructure that is performed
during the declared disaster period, which begins within 10
Line 5B – Depletion in Excess of Federal Depletion days of the first day of the declaration or proclamation made
Enter the amount of Louisiana depletion in excess of federal by either the governor, the president, or appropriate local
depletion. In computing net income in the case of oil and gas wells, government official and ends 60 days after its conclusion,
a deduction is allowed for cost depletion or percentage depletion, unless a longer period is subsequently authorized. Requests
whichever is greater. Percentage depletion is calculated as 22 for written notice concerning emergency-related services are
percent of gross income from the property during the taxable year, posted as Revenue Information Bulletins on LDR’s website.
excluding from such gross income an amount equal to any rents (R.S. 47:53.5)
and royalties paid or incurred by the taxpayer from the property.
Percentage depletion can not exceed 50 percent of the net income Line 5F – Total Subtractions
computed without allowance for depletion from the property. In Add Lines 5A through 5E.
determining net income from the property, federal income tax is
considered an expense. Line 6 – Modified Federal Taxable Income before Distribution
Deduction
Line 5C – S Bank Exclusion Add Lines 1, 2, 3, and 4, subtract the amount on Line 5F, and enter
Enter the amount of the S Bank shareholder exclusion that the the result.
estate or trust can claim. The amount of the exclusion is considered
nontaxable income. R.S. 47:297.3(B)(5) provides that “S Bank Modified Federal Taxable Income Allocated or Apportioned to
nontaxable income” means: (A) the portion of the income reported Louisiana
by an S Bank on Federal Form 1120S Schedule K-1 or, (B) the In accordance with R.S. 47:300.3(2), Louisiana taxable income
portion of the income reported by an S Bank on an equivalent of a nonresident estate or trust for a taxable year is computed by
document, which is attributable to the net earnings used to compute applying the allocation and apportionment provisions of R.S. 47:241
the S Bank’s share's tax as provided in R.S. 47:1967. Attach a copy through R.S. 47:247 to the estate’s or trust’s federal taxable income
of Schedule K-1 as documentation for the amount excluded. The for the same year modified by the provisions of R.S. 47:300.7(C).
exclusion is only allowed if the entity did not make the pass-through In order to determine Louisiana taxable income, it is necessary
entity tax election under R.S. 47:287.732.2. to separate all items of income into two general classes, namely:

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those items that can be allocated directly to the state in which they       Line 10C – Income from Estates, Trust, and Partnerships
are earned, and those items of income that arise from business              Enter the total amount of Louisiana income derived from estates, 
partly within and without Louisiana. Louisiana’s share of allocable         trusts, and partnerships. Estates, trusts, and partnerships having 
items can be determined by direct allocation. In the case of net            a corporation as a member or beneficiary must allocate and 
income from business partly within and partly without the state, a          apportion their income within and without the state in accordance 
percentage of the net income must be apportioned to Louisiana on            with the processes and formulas prescribed for corporations, and 
the basis of an apportionment percentage.                                   the share of any corporate member or beneficiary in the net income 
                                                                            from sources in this state, so computed, must be allocated to this 
If the Louisiana portion is entirely separable from the remainder, and      state in the return of the member or beneficiary.
the use of the apportionment method would produce a manifestly unfair 
result, a separate accounting may be made for Louisiana business            Line 10D – Income from Construction, Repair, Etc.
and the total net income. Prior written permission from the Secretary       Enter the amount of Louisiana income derived from construction, 
must be secured to report by the separate accounting method.                repair, or other similar services. Income from construction, repair, 
In computing net allocable income, all expenses, losses, and other          or other similar services must be allocated to the state in which the 
deductions, except federal income taxes that are directly attributable      service is performed. The phrase “other similar services” means 
to such income and a ratable portion of allowable deductions,               any work that has as its purpose the improvement of immovable 
except federal income taxes that are not directly attributable to any       property belonging to a person other than the taxpayer where 
class of income should be deducted from gross allocable income.             a substantial portion of the work is performed at the location of 
                                                                            such property, whether or not such services actually result in 
Line 7A – Net Rents and Royalties                                           improvements to the property.
Enter  the  total  amount  of  net  rents  and  royalties  earned  by  the 
estate or trust.                                                            Line 10E – Other Allocable Income
                                                                            Enter any other net Louisiana allocable income. Other items of 
Line 7B – Royalties from the Use of Patents, Trademarks, etc.               allocable income such as interest income, dividends on corporate 
Enter the total amount of royalties from the use of patents,                stock,  and  salaries,  wages,  or  other  compensations  received  by 
trademarks, etc.                                                            a nonresident individual for personal services are considered 
                                                                            allocable under the provisions of R.S. 47:243. Please attach a 
Line 7C – Income from Estates, Trust, and Partnerships                      schedule of your computations.
Enter the total amount of income derived from estates, trusts, and          Profits from sales and exchanges of capital assets consisting of 
partnerships.                                                               immovable or corporeal movable property are allocated to the state 
                                                                            where such property is located at the time the income is derived. 
Line 7D – Income from Construction, Repair, Etc.                            Profits from sales or exchanges not made in the regular course 
Enter the total amount of income derived from construction, repair,         of business, of property, other than capital assets consisting of 
or other similar services.                                                  incorporeal property or rights, are allocated to the state where 
                                                                            such property is located at the time of the sale. A mineral lease, 
Line 7E – Other Allocable Income                                            royalty interest, oil payment, or other mineral interest is considered 
Enter any other net allocable income. Other items of income such            to be Louisiana income if the property creating the mineral interest 
as interest income, dividends on corporate stock, profits from sales        is located in Louisiana. Other profits from sales and exchanges 
and exchanges of capital assets, and salaries, wages, or other              of capital assets consisting of incorporeal property or rights is 
compensations received by a nonresident individual for personal             allocated to the state in which the securities or credits producing 
services are considered allocable under the provisions of R.S. 47:243.      such income have their situs, which is the business situs of such 
                                                                            securities or credits, if they have been so used in connection with 
Line 7F – Total Allocable Income from All Sources                           the taxpayer’s business as to acquire a business situs, or, in the 
Add Lines 7A through 7E.                                                    absence of such a business situs, the legal domicile of the taxpayer. 
                                                                            Please attach a schedule showing your computations.
Line 8 – Net Income Subject to Apportionment
Subtract Line 7F from Line 6.                                               Interest on customers’ notes and accounts, except when such 
                                                                            interest is from the primary business of making loans, must be 
Line 9 – Net Income Apportioned to Louisiana                                allocated by reference to the transaction from which the receivable 
Multiply Line 8 by the percentage from Schedule B, Line 7.                  arose (to the state where delivery was made in the case of sales 
                                                                            of merchandise; where services were performed in the case of 
Line 10A – Net Rents and Royalties                                          charges for services, etc.). Interest on customers’ accounts when 
Enter the amount of Louisiana net rents and royalties. Rents and            the primary business is making loans is not allocable income.
royalties from immovable or corporeal movable property must be 
                                                                            Other interest and dividends must be allocated to the state in which 
allocated to the state where the property is located at the time the 
                                                                            the securities or credits producing such income have their situs, 
income is derived. 
                                                                            which is the business situs of such securities or credits, if they 
                                                                            have been so used in connection with the taxpayer’s business as 
Line 10B – Royalties from the Use of Patents, Trademarks, etc. 
                                                                            to acquire a business situs, or, in the absence of such a business 
Enter the amount of Louisiana royalties from the use of patents, 
                                                                            situs, the legal commercial domicile of the taxpayer. 
trademarks, etc. Royalties or  similar  revenue from the  use of 
patents, trademarks, copyrights, secret processes, and other 
                                                                            10F – Total Allocable Income from Louisiana
similar intangible rights must be allocated to the states in which 
                                                                            Add Lines 10A through 10E.
such rights are used by the licensee. Please attach a schedule 
showing your computation.

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Line 11 – Modified Federal Taxable Income Allocated and Louisiana organizations. If a contribution is made to an organization
Apportioned to Louisiana that is present within and without Louisiana, the contributions shall
Add Lines 9 and 10F. be attributed to Louisiana if made to a Louisiana chapter or branch
of the organization.
Line 12 – Federal Itemized Deductions Attributable to Louisiana
Nonbusiness deductions are allowable to the extent that they are Line 13 – Louisiana Taxable Income Before Income Distribution
attributable to Louisiana. In particular, nonbusiness interest shall Deduction
be attributed to Louisiana to the extent paid to persons or firms Subtract Line 12 from Line 11. Enter the result here and Form IT-
domiciled in this state and nonbusiness charitable contributions 541, Line 4. Also, check the box on Line 4 indicating Schedule A
shall be attributed to Louisiana to the extent that they are made to was used.

SCHEDULE B – Computation of Apportionment Percent

Computation of Apportionment Percent not considered.
Your principal type of business determines which factors apply in
3. The Property Factor – The Louisiana factor shall be the average
the calculation of your Louisiana apportionment percent. For Air
of the value of the taxpayer’s real property and tangible personal
Transportation, use factors (1) and (3); for Pipeline Transportation,
property used in the production of apportionable income within this
use factors (1), (2), and (3); for Other Transportation, use factors (1)
state at the beginning of the taxable year and at the end of the
and (3); for Service Enterprises in which the use of property is not a
taxable year. Mark the box on Line 3 if the property factor is not
material income producing factor, use factors (1) and (2), otherwise,
considered. For further information concerning the apportionment
use factors (1), (2), and (3); for Loan Business, use factors (2) and
factors, refer to R.S. 47:245.
(4); for Merchandising and Manufacturing, use factors (1), (2), (3),
and (5); and for Other Businesses, use factors (1), (2), and (3). 4. Loan Factor – In the case of a loan business, the Louisiana
Calculate your apportionment percent using Schedule B. Mark factor shall be the amount of loans made in this state during the
the box on each Line if the respective ratio is not considered as period for which the return is filed. Mark the box on Line 4 if the
described below. loan factor is not considered. For further information concerning the
apportionment factors, refer to R.S. 47:245.
1. The Sales and Charges for Services Factor – The Louisiana
sales factor shall include all sales made in the regular course of 5. Additional Sales Factor – Taxpayers whose net apportionable
business where the goods, merchandise, or property is received income is derived primarily from the business of manufacturing or
in this state by the purchaser. In the case of delivery by common merchandising (manufacturing, producing, and/or selling tangible
carrier or by other means of transportation, including transportation personal property) are required to use a fourth ratio. This is the
by the purchaser, the place where the goods are ultimately ratio of net sales made in the regular course of business and other
received after all transportation is completed shall be considered gross apportionable income attributable to this state to the total
as the place at which the goods are received by the purchaser. net sales made in the regular course of business and other gross
The Louisiana factor shall also include all charges for services apportionable income of the taxpayer. These sales are the same as
performed in Louisiana. those reported on Schedule B, Line 1D. Mark the box on Line 5 if
the additional sales factor is not considered.
The sales factor for income from air transportation would be the
ratio of the gross receipts derived from passenger journeys and This provision does not apply to the following:
cargo shipments originated in Louisiana and any other items of
apportionable income or receipts derived entirely from Louisiana • Any taxpayer subject to the tax imposed pursuant to Chapter
sources to total gross apportionable income of the taxpayer. 8 of Subtitle II of Title 47 of the Louisiana Revised Statutes
(Tobacco Tax).
Mark the box on Line 1D if the sales factor is not considered.
• Any taxpayer whose income is primarily derived from the
2. The Salaries and Wages Factor – There shall be included in production or sale of unrefined oil and gas.
the Louisiana factor the total salaries, wages, and other personal
service compensation paid during the taxable year for services 6. Total Percentages – Add the percentages under Column 3 on
rendered in Louisiana in connection with the production of Lines 1D, 2, 3, 4, and 5.
apportionable income. Mark the box on Line 2 if the wage factor is
7. Average of Percents – Divide Line 6 by the number of factors used.

SCHEDULE C – Distributive Shares of Beneficiaries
Enter the name and Social Security Number, or FEIN, of each beneficiary and his distributive share of the estate or trust income allocated
to the State of Louisiana. Each beneficiary’s distributive share is deemed to apply to taxable and nontaxable income, and to income from
sources within, as well as from sources without, the state. If additional space is needed, attach a separate schedule. Enter the total on
Form IT-541, Line 5.

SCHEDULE D - Summary of Estimated Tax Payments and Extension Payment
Provide information regarding the estimated tax payments and extension payment that you made for the 2023 tax year.

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                            GENERAL INFORMATION ON ALL CREDITS
If a schedule is required in the instructions below, you must attach a separate schedule for each credit claimed. The schedule should 
clearly identify the credit, the Fiduciary's name, and LDR account number. If documentation is required, you must submit the documen-
tation with your return. For faster processing, you can upload all required information when you file your return electronically. Revenue 
Information Bulletins (RIB) are posted on www.revenue.louisiana.gov/LawsAndPolicies under Policy Documents. 

A shareholder, partner or member of an S corporation or other pass-through entity must attach a copy of the Schedule K-1 and other 
documentation required to substantiate their share of any credit passed down from the entity.

An S corporation or other pass-through entity must provide their partners or members a Schedule K-1 and other documentation required 
to substantiate their share of any credit that was passed down from the entity.

Note: If you are claiming a credit that is recorded in the Tax Credit Registry, you must attach a copy of Form R-6135, Credit Registration 
Form, to the return and list the State Certification Number in the appropriate space on the return. See Revenue Information Bulletin 
14-005 for information on the Tax Credit Registry and Revenue Information Bulletin 17-008 for claiming a purchased transferable tax credit. 

PASS-THROUGH ENTITY TAX ELECTION 
Credits earned in the year the pass-through entity tax election was made or after the election was made are tax items of the entity and 
the credit and its future carryforward must be reported on the entity’s return. If the pass-through entity made the election for 2023, any 
credits earned for 2023 cannot be used on the fiduciary income tax return of any shareholder, member, or partner. Tax credits earned in 
tax years prior to the election that have previously passed through to the owners are tax items of the owners, and any credit carryforward 
remaining can only be used on the fiduciary income tax return. See Revenue Information Bulletin 19-019 and LAC 61:l.1001(C)(6) for 
more information. 

INSTRUCTIONS FOR NONREFUNDABLE PRIORITY 1 CREDITS, SCHEDULE NRC-P1
NONREFUNDABLE PRIORITY 1 CREDITS, LINES 1 THROUGH 6                  CODE
                                                                           is  used to  obtain the  credit,  it cannot  be deducted  as an 
Below is a list of nonrefundable credits available for Louisiana           expense for income tax purposes. The credit can only be 
income tax. Enter the credit description, identifying code, and            passed through to taxpayers who are shareholders or 
the dollar amount claimed in the appropriate spaces on Lines               members of certain legal entities. The amount of the credit 
1 through 6. NOTE: Use only the codes referenced in the                    is equal to 18 percent of the bone marrow donor expense 
table  of  Schedule  NRC-P1.  The  codes  listed  here  are  not           paid or incurred by the employer during the tax year.
interchangeable with other codes listed in this booklet.
                                                                     150 - Qualified Playgrounds –   R.S. 47:6008 provides a credit 
Example:                                                                   for donations to assist qualified playgrounds.  The credit 
Credit Description      Code    Amount of Credit Claimed                   is  the  lesser  of  $720  or  36  percent  of  the  value  of  the 
                                                                           cash, equipment, goods, or services donated. For more 
Premium Tax          1 0 0            5 0 0           00                   information on this credit, see Revenue Ruling 02-020 
                                              .
                                                                           posted on LDR’s website. 
LINE 7 – OTHER NONREFUNDABLE PRIORITY 1 CREDITS                      155 - Debt Issuance –    R.S. 47:6017 provides a credit for 
Add Lines 1 through 6 and enter the result here and on Form                72 percent of the filing fee paid to the Louisiana State 
IT-541, Line 9.                                                            Bond  Commission,  which  is  incurred  by  an  economic 
CODE                                                                       development corporation in the preparation and issuance of 
                                                                           bonds.
100 - Premium Tax –  R.S. 47:227 provides a credit for premium 
      taxes paid during the preceding twelve months by an            170 - Donations to Public Schools –    R.S. 47:6013 provides 
      insurance company authorized to do business in Louisiana.            a credit for qualified donations made to a public school. 
      A copy of the premium tax return and cancelled checks in             The credit is equal to 28 percent of the appraised value 
      payment of the tax must be attached to the return.                   of a qualified donation of property made to a public 
                                                                           school.  “Public school” is defined as a public elementary 
120 - Bone  Marrow  –     R.S.  47:287.758  provides  a credit  to         or secondary school. “Qualified donation” is defined as a 
      employers authorized to do business in the state who                 donation  of  immovable  property  purchased  or  otherwise 
      incur bone marrow donor expense by developing a bone                 acquired by a corporation and donated to a public school 
      marrow donation program, educating employees related to              immediately adjacent or contiguous to such property. The 
      bone marrow donations, making payments to a health care              credit can only be passed through to taxpayers who are 
      provider for determining tissue types of potential donors,           shareholders or members of certain legal entities. 
      and paying wages to an employee for time related to tissue 
      typing and bone marrow donation. If the wage expense           199 - Other – Reserved for Future Credits

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INSTRUCTIONS FOR NONREFUNDABLE PRIORITY 3 CREDITS, SCHEDULE NRC-P3
NONREFUNDABLE PRIORITY 3 CREDITS, LINES 1 THROUGH 6 CODE
Below is a list of nonrefundable credits available for Louisiana 252 - Research and Development – R.S. 47:6015 provides a
income tax. Enter the credit description, identifying code, and credit for any taxpayer who earned the credit based on
the dollar amount claimed in the appropriate spaces on Lines participation in the Small Business Technology Transfer or
1 through 6. NOTE: Use only the codes referenced in the the Small Business Innovation Research Grant program.
table of Schedule NRC-P3. The codes listed here are not This credit can only be claimed on Lines 7 through 9.
interchangeable with other codes listed in this booklet. 253 - Historic Structures – R.S. 47:6019 provides a credit if the
Example: taxpayer incurs certain expenses during the rehabilitation of
a historic structure located in either a downtown development
Credit Description Code Amount of Credit Claimed or a cultural district, or a historic structure contributing to
Inventory Tax Credit the National Register of Historic Places. Refer to Revenue
Carried Forward 5 0 0 00 Information Bulletin 14-007 and 14-007A on LDR’s website.
5 0 0 .
This credit can only be claimed on Lines 7 through 9.
257 - Capital Company – R.S. 51:1924 provides a credit for the
LINES 7 THROUGH 9 – Complete Lines 7 through 9 ONLY if
investment in a certified Louisiana capital company. The
a transferable credit is claimed (credit codes 251 through 262).
credit must be approved by the Commissioner of the Office
For Lines 7A, 8A, and 9A, enter the LDR State Certification of Financial Institutions. A copy of the certification from
number from Form R-6135, if applicable. For more information the Office of Financial Institutions must be attached to the
see Revenue Information Bulletin 17-008 regarding claiming a return. This credit can only be claimed on Lines 7 through 9.
purchased transferable tax credit.
258 - LA Community Development Financial Institution
LINE 10 – NONREFUNDABLE PRIORITY 3 CREDITS (LCDFI) – R.S. 51:3085 et seq. provide a credit for certain
Add Lines 1 through 9 and enter the result here and on Form investments in an LCDFI to encourage the expansion of
IT-541, Line 14. businesses in economically distressed areas. The Louisiana
Office of Financial Institutions administers this program. This
CODE
credit can only be claimed on Lines 7 through 9.
208 - Previously Unemployed – This credit was repealed by
Act 202 of the 2019 Regular Legislative Session effective 259 - New Markets – R.S. 47:6016 provides a credit if the taxpayer
December 31, 2018. If you have an eligible carryover amount, makes certain qualified low-income community investments,
use this code to utilize the carryover amount for any years as defined in Section 45D of the Internal Revenue Code. The
you have remaining in your five (5) year carryover period. taxpayer must be certified by the Louisiana Department of
Economic Development and approved by LDR. Information
224 - New Jobs Credit – This credit is no longer available on the program investment limits are posted as Revenue
because Act 403 of the 2017 Regular Legislative Session Information Bulletins on LDR’s website. This credit can only
ended the credit effective December 31, 2019. If you have be claimed on Lines 7 through 9.
an eligible carryover amount, use this code to utilize the
carryover amount for any years you have remaining in your 261 - Motion Picture Infrastructure – R.S. 47:6007(C)
five (5) year carryover period. (2) provides a credit for an approved state-certified
infrastructure project for a film, video, television, or digital
228 - Eligible Re-entrants – This credit is no longer available production or post-production facility. Taxpayers must apply
because Act 403 of the 2017 Regular Legislative Session to the Louisiana Department of Economic Development to
ended the credit effective December 31, 2019. If you have receive certification. A copy of the certification of the credit
an eligible carryover amount, use this code to utilize the must be attached to the return. You must certify certain
carryover amount for any years you have remaining in your requirements in order to use the credit. See RIB 23-023
five (5) year carryover period. for more information and attach Form R-90150, Taxpayer
Certification of Compliance of Tax Obligations for the Motion
236 - Apprenticeship (2007) – This credit was repealed by Act Picture Production Credit, to your return. For information on
357 of the 2015 Regular Legislative Session. If you have the cap, see www.revenue.louisiana.gov/CreditCaps. This
an eligible carryover amount, use this code to utilize the credit can only be claimed on Lines 7 through 9.
carryover amount for any years you have remaining in your
262 - Angel Investor – R.S. 47:6020 provides a credit to
ten (10) year carryover period. Credits earned beginning with
encourage third party investment of taxpayers who make
the 2022 tax year should be claimed using credit code 463. qualified investments to certified Louisiana entrepreneurial
251 - Motion Picture Investment – R.S. 47:6007(C)(1) provides businesses on or after January 1, 2011. To earn the Angel
a credit for taxpayers domiciled in Louisiana who invest Investor Tax Credit, taxpayers must file an application with
in a state-certified motion picture production. Taxpayers the Louisiana Department of Economic Development. See
taking this credit may attach Form R-10611, Motion Picture Revenue Information Bulletin 12-009 on LDR’s website. This
Investment Tax Credit Schedule, as documentation for this credit can only be claimed on Lines 7 through 9.
credit. You must certify certain requirements in order to 299 - Other – Reserved for Future Credits
use the credit. See RIB 23-023 for more information and
attach R-90150, Taxpayer Certification of Compliance of 305 - Tax Equalization – R.S. 47:3201 et seq. provides a credit
Tax Obligations for the Motion Picture Production Credit, to for tax equalization for certain businesses locating in
your return. For information on the cap, see www.revenue. Louisiana. The taxpayer must enter into a contract with the
louisiana.gov/CreditCaps. This credit can only be claimed Louisiana Department of Economic Development, and a
on Lines 7 through 9. copy of the contract showing the credit granted must be
attached to the return.
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CODE CODE
310 - Manufacturing Establishments – R.S. 47:4301 et seq. the Louisiana Department of Economic Development to
provides a credit to certain manufacturing establishments that receive certification. A copy of the certification of the credit
have entered into a contract with the Louisiana Department must be attached to the return.
of Economic Development. A copy of the contract showing
the credit granted must be attached to the return. 461 - Work Opportunity – R.S. 47:287.750 provides a credit for a
business that hires participants in the work release programs
399 - Other – Reserved for Future Credits provided for in R.S. 15:711, 1111, 1199.9, and 1199.10. The
Louisiana Department of Public Safety or applicable sheriff
412 - Refunds by Utilities – R.S. 47: 287.664 provides a credit must certify that the eligible business employed an eligible
for certain court ordered refunds made by utilities to its re-entrant who is participating in a work release program on
customers. or after January 1, 2021 in an eligible job for 12 consecutive
424 - Donation to School Tuition Organization – R.S. 47:6301 months. A copy of the certification of the credit must be
pro vides a credit for donations made to a school tuition attached to the return.
organization that provides scholarships to qualified students 462 - Youth Jobs – R.S. 47:6028 provides a credit for a business
to attend a qualified school. Form R-10604, Receipt for that hires one or more eligible youth on or after July 1, 2021.
Donations to School Tuition Organization Tax Credit, must To earn the credit, the eligible youth must work at least three
be attached to your return. See Revenue Information (3) consecutive months in a full-time or part-time position at
Bulletin 18-024 for more information. the business. The credit is equal to $1,250 for each eligible
454 - QMC Music Job Creation Credit – R.S. 47:6023 provides youth hired in a full-time position or $750 for each eligible
a credit against corporate income tax to a Qualifying youth hired in a part-time position. Taxpayers must apply
Music Company (QMC) that is a music publisher, sound to the Department to receive certification. A copy of the
recording studio, booking agent, or artist management certification of the credit must be attached to the return. See
that is engaged directly or indirectly in the production, LAC 61:l.1921 for more information.
distribution, and promotion of music. Taxpayers must apply 463 - Apprenticeship (2022) – R.S. 47:6033 provides a credit to
to the Louisiana Department of Economic Development to employers for $1.25 for each hour of employment of an eligible
receive certification. A copy of the certification of the credit apprentice, limited to $1,250 for each eligible apprentice. An
must be attached to the return. The credit is limited to 50 eligible apprentice is a person who has entered into a written
percent of the taxpayer’s tax liability. apprentice agreement with an employer or an association of
457 - Neighborhood Assistance – R.S. 47:35 and R.S. 47:287.753 employers pursuant to a registered apprenticeship program
provide a credit for an entity engaged in the activities of or who is enrolled in a training program accredited by the
providing neighborhood assistance, job training, education National Center for Construction Education and Research
for individuals, community services, or crime prevention in which has no less than four levels of training and no less than
Louisiana. The credit is for up to 50 percent of the amount 500 hours of instruction. Use this code for Apprenticeship
contributed and cannot exceed $180,000 annually. credits earned for employment of eligible apprentices after
December 31, 2021. Attach a copy of Form R-90005,
458 - Research and Development – R.S. 47:6015(K) provides a Apprenticeship Tax Credit Employer Certification , and the
credit for any taxpayer who claims a federal income tax credit required documentation as listed on that form.
under 26 U.S.C. §41(a) for increasing research activities
or for a taxpayer who employs fewer than 50 employees 464 - Donation to Qualified Foster Care Charitable Organization
and who meets the requirements of R.S. 47:6015(B)(3) – R.S. 47:6042 provides a credit for donations made to a
(i). Beginning with the 2018 tax year, credits earned based qualifying foster care charitable organization that provides
upon participation in the Small Business Technology Transfer services to a child in a foster care placement program
program or the Small Business Innovative Research Grant established by the Department of Children and Family
program should be claimed using credit code 252. The credit Services. The credit is for the amount of the donation used
is obtained through the Louisiana Department of Economic to provide the service, limited to $50,000. Form R-68009,
Development and documentation from that agency must be Receipt for Donations to Qualifying Foster Care Charitable
attached to the return. See Revenue Information Bulletin Organization Credit, must be attached to your return.
15-019 on LDR’s website. 500 - Inventory Tax Credit Carried Forward and ITEP –
459 - Ports of Louisiana Import Export Cargo – R.S. 47:6036(I) R.S. 47:6006 allows a credit against income tax for ad
provides a credit to encourage the use of state port valorem taxes paid to political subdivisions in Louisiana on
facilities in Louisiana. The credit is based on the number inventory held by manufacturers, distributors, or retailers.
of tons of qualified cargo imported and exported from Manufacturers, distributors, or retailers should use this code
or to manufacturing, fabrication, assembly, distribution, for the carryforward of unused nonrefundable credits (not
processing or warehousing facilities located in the state. current year credit) from 2015 through 2022. Manufacturers
Taxpayers must apply to the Louisiana Department of who claimed the property tax exemption under the Industrial
Economic Development to receive certification. A copy of Tax Exemption Program (ITEP) during the same year
the certification of the credit must be attached to the return. the inventory taxes were paid and members of their
federal consolidated group should use this code for the
460 - LA Import – R.S. 47:6036.1 provides a credit to encourage carryforward of unused nonrefundable credits from 2015
the utilization of Louisiana public port facilities for cargo through 2022 and the current year credit calculated on
imports and the development of new port infrastructure the 2023 Form R-10610-ITE, Schedule of Ad Valorem Tax
facilities for the manufacturing, distribution, and Credit Claimed by ITEP Manufacturers for Ad Valorem Tax
warehousing of imported goods. Taxpayers must apply to Paid on Inventory, which must be attached to the return.
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CODE CODE
502 - Ad Valorem Natural Gas Credit Carried Forward – R.S. 508 - Ports of Louisiana Investor – R.S. 47:6036(C) provides
47:6006 allows a credit for ad valorem taxes paid to political a credit to encourage investment in state port facilities in
subdivisions in Louisiana on natural gas held, used or Louisiana. Taxpayers must apply to the Louisiana Department
consumed in providing natural gas storage services or of Economic Development to receive certification. A copy of
operating natural gas storage facilities. Use this code for the the certification of the credit must be attached to the return.
carryforward of unused nonrefundable credits (not current
year credit) from 2015 through 2022. 510 - Enterprise Zone – R.S. 51:1782 et. seq. provide a credit
for private sector investments in certain areas, which are
504 - Atchafalaya Trace – R.S. 25:1226.4 provides a credit to designated as “Enterprise Zones”. The taxpayer must enter
certain heritage-based cottage industries that have entered into a contract with the Louisiana Department of Economic
into a contract with the State Board of Commerce and Development and a copy of the contract showing the credit
Industry. A copy of the contract must be attached to the granted must be attached to the return.
return.
550 - Recycling Credit – R.S. 47:6005 provides a credit for the
506 - Cane River Heritage – R.S. 47:6026 provides a credit for purchase of certain equipment or service contracts related
a heritage-based cottage industry located or to be located to recycling. The credit must be certified by the Louisiana
in the Cane River Heritage Area Development Zone. The Department of Environmental Quality, and a copy of the
taxpayer must enter into a contract with the Department of certification must be attached to the return.
Culture, Recreation, and Tourism, and a copy of the contract
must be attached to the return. 599 - Other - Reserved for Future Credits

INSTRUCTIONS FOR PRIORITY 2 REFUNDABLE CREDITS, SCHEDULE RC-P2
REFUNDABLE PRIORITY 2 CREDITS, LINES 1 THROUGH 5 CODE
Below is a list of refundable tax credits available for Louisiana A schedule must be attached stating which entity paid
income tax. Enter the credit description, identifying code, and the tax and obtained the credit on the taxpayer’s behalf.
the dollar amount claimed in the appropriate spaces on Lines 1
through 5. See Revenue Information Bulletin No. 15-021 for more 55F - Prison Industry Enhancement – R.S. 47:6018 allows
information. a refundable credit for 72 percent of the state sales and
use tax paid by a taxpayer on purchases by a taxpayer
NOTE: Use only the codes referenced in the table of Schedule of specialty apparel items from a private sector Prison
RC-P2. The codes listed here are not interchangeable with Industry Enhancement (PIE) contractor. Contact LDR for
other codes listed in this booklet. further information regarding this credit.
Example: 58F - Milk Producers – R.S. 47:6032 allows a refundable credit
for a resident taxpayer engaged in the business of producing
Credit Description Code Amount of Credit Claimed milk for sale. Those milk producers that have obtained
permits under the Louisiana Administrative Code, Title
Milk Producers 5 8 F 4 0 0 00 51 and have met the requirements of the Food and Drug
.
Administration shall be certified by the Louisiana Department
LINES 6 THROUGH 8 – Complete Lines 6 through 8 ONLY of Health to receive the credit. For more information see
if a transferable credit is claimed (credit code 62F). For Lines Revenue Information Bulletin 08-014 on LDR’s website.
6A, 7A, and 8A, enter the LDR State Certification number from 59F - Technology Commercialization – R.S. 51:2351 et seq.
Form R-6135, if applicable. For more information see Revenue allow a refundable credit for a qualifying business that
Information Bulletin 17-008 regarding claiming a purchased invests in the commercialization of Louisiana technology.
transferable tax credit. Taxpayers must apply to the Louisiana Department of
LINE 9 – REFUNDABLE PRIORITY 2 CREDITS – Add Lines 1 Economic Development to receive certification. A copy of
through 8 and enter the result here and on Form IT-541, Line 11. the certification of the credit must be attached to the return.
CODE 62F - Musical and Theatrical Production – R.S. 47:6034
allows a refundable credit for the production expenses,
52F - Ad Valorem Offshore Vessels – R.S. 47:6006.1 allows a employment of college and vocational-technical students,
refundable credit for 100 percent of the ad valorem taxes employment of residents, and for the construction, repair,
paid on vessels in Outer Continental Shelf Lands Act or renovation of facilities related to the live performance
Waters. Copies of the tax assessment, the canceled check in industry. Taxpayers must apply to the Louisiana Department
payment of the tax, and a completed Form LAT 11A from the of Economic Development to receive certification. A
Louisiana Tax Commission must be attached to the return. copy of the certification must be attached to the return.
54F - Telephone Company Property – R.S. 47:6014 allows This credit can only be claimed on Lines 6 through 8.
a refundable credit for up to 40 percent of the ad 70F - Retention and Modernization – R.S. 51:2399.1 et seq.
valorem taxes paid to Louisiana political subdivisions by allow a refundable credit for an employer who incurs
a telephone company, with respect to that company’s qualified expenditures to modernize existing operations in
public service properties located in Louisiana. The Louisiana to retain the business in the state. Taxpayers
credit may be passed through to individuals who are must apply to the Louisiana Department of Economic
shareholders or members of certain legal entities. See Development to receive certification. A copy of the
Revenue Information Bulletin 01-004 on LDR’s website. certification of the credit must be attached to the return.
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73F - Digital Interactive Media – R.S. 47:6022 allows a effects of the pregnancy. The credit may be claimed by the
refundable credit for the investment in businesses estate of the deceased on the deceased person’s return
specializing in digital interactive media and software. or the estate’s return and if not, then by the individual who
Taxpayers must apply to the Louisiana Department of actually paid the funeral and burial expense. The credit is
Economic Development to receive certification. A copy equal to the actual reasonable funeral and burial expenses
of the certification of the credit must be attached to the paid or $5,000, whichever is less, and is claimed for the
return. See Revenue Information Bulletin 12-017 on LDR’s year in which the death occurred. Reasonable funeral and
website. burial expenses includes costs and fees associated with
transportation of the remains, embalming or cremation
77F - Funeral and Burial Expense for a Pregnancy-related services, caskets, plots, grave markers, or headstones,
Death – R.S. 47:297.22 allows a refundable credit for the funeral home facility and staff services, and other related
reasonable funeral and burial expenses associated with professional services. It does not include costs and fees
the pregnancy-related death of a person. A “pregnancy- associated with flowers, vaults, or urns. A copy of the
related death” means the death of a Louisiana resident death certificate, a schedule listing the expenses paid, and
while pregnant, during labor and delivery, or within one copies of the receipts must be attached to the return.
year after childbirth from a pregnancy complication,
a chain of events initiated by the pregnancy, or the 80F - Other Refundable Credit – Reserved for future credits.
aggravation of an unrelated condition by the normal

INSTRUCTIONS FOR PRIORITY 4 REFUNDABLE CREDITS, SCHEDULE RC-P4
REFUNDABLE PRIORITY 4 CREDITS, LINES 1 THROUGH 5 CODE
Below is a list of additional refundable tax credits available for percent of any excess credit is refundable, and for total
Louisiana income tax. Enter the credit description, identifying eligible amounts of $10,000 or more, 75 percent of
code, and the dollar amount claimed in the appropriate spaces on any excess credit up to a maximum of $750,000 is
Lines 1 through 5. refundable. Copies of the tax assessment and the canceled
NOTE: Use only the codes referenced in the table of Schedule check in the payment of the tax must be attached. The
RC-P4. The codes listed here are not interchangeable with inventory tax credit is nonrefundable for taxes paid on
other codes listed in this booklet. inventory by any manufacturer who claimed the property
tax exemption under the Industrial Tax Exemption
Example: program (ITEP) during the same year the inventory
Credit Description Code Amount of Credit Claimed taxes were paid. Copies of the tax assessment and the
canceled check in payment of the tax must be attached.
Inventory Tax 5 0 F 4 0 0 00 51F - Ad Valorem Natural Gas – You must attach Form R-10610
.
to your return. R.S. 47:6006 allows a credit against income
LINE 6 – REFUNDABLE PRIORITY 4 CREDITS – Add Lines 1 tax for ad valorem taxes paid to political subdivisions in
through 5 enter the result here and on Form IT-541, Line 17. Louisiana on natural gas held, used or consumed by
providing natural gas storage services or operating natural
CODE gas storage facilities. For purposes of the limitations on
50F - Inventory Tax – You must attach Form R-10610, Schedule refundability, members included in a consolidated federal
of Ad Valorem Tax Credit Claimed by Manufacturers, tax return will be treated as one taxpayer. If the total amount
Distributors, and Retailers, to your return. R.S. 47:6006 eligible for the credit is less than or equal to $500,000,
allows a credit against income tax for ad valorem taxes 100 percent of any excess credit is refundable, and for
paid to political subdivisions in Louisiana on inventory held total eligible amounts above $500,000, 75 percent of any
by manufacturers, distributors, or retailers. For purposes excess credit up to a maximum of $750,000 is refundable.
of the limitations on refundability, members included in For businesses formed or first registered to do business in
a consolidated federal tax return will be treated as one Louisiana after April 15, 2016, if the total amount eligible for
taxpayer. If the total amount eligible for the credit is less than the credit is less than $10,000, 100 percent of any excess
or equal to $500,000, 100 percent of any excess credit is credit is refundable, and for total eligible amounts of $10,000
refundable, and for total eligible amounts above $500,000, or more, 75 percent of any excess credit up to a maximum of
75 percent of any excess credit up to a maximum of $750,000 $750,000 is refundable.
is refundable. For businesses formed or first registered to
do business in Louisiana after April 15, 2016, if the total
amount eligible for the credit is less than $10,000, 100

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X DO NOT ATTACH THIS WORKSHEET TO YOUR RETURN.

Interest and Penalty Calculation Worksheets

In general, you will be charged interest and penalties if you do not Delinquent Filing Penalty Calculation Worksheet
pay all amounts due on or before the due date. 1 Total penalty percentage. .25
1. A 2023 calendar year return is due on or before May 15, 2024 2 Amount you owe (Form IT-541, Line 26.) .00
and receives an automatic six months extension to November Total amount of delinquent filing penalty due
15, 2024. 3 (Multiply Line 2 by Line 1 and enter
2. Returns for fiscal years are due on or before the 15th day of the the result on Form IT-541, Line 28.) .00
fifth month after the close of the taxable year and receives an Important Notice: The sum of both the delinquent filing and
automatic six months extension. delinquent payment penalties cannot exceed 25 percent of the
3. If the due date falls on a weekend or legal holiday, the return is tax due. Thirty-day increments are used for the calculation of the
due the next business day. delinquent filing and delinquent payment penalties. These penalties
Important: An extension does not relieve you of your are based on the date LDR receives the return or payment. In
obligation to pay all tax amounts due by the original due date. addition to the delinquent penalties mentioned above, you may
also incur an accuracy-related penalty under R.S. 47:1604.1 if
Interest – If your income tax is not paid by the due date, you will circumstances indicate negligent failure to comply with rules and
be charged interest on the unpaid tax until the balance is paid regulations.
in full. The interest rate is variable, and the 2024 interest rate is
posted on LDR’s website on Form R-1111, Interest Rate Schedule Delinquent Payment Penalty – If you fail to pay the tax due by
- Collected on Unpaid Taxes. To compute the DAILY INTEREST the due date of May 15, 2024, a delinquent payment penalty of 5
RATE, multiply the 2024 monthly interest rate by 12 then divide percent of the tax not paid by the due date will accrue for each
the result by 365 and carry out to seven places to the right of 30 days, or fraction thereof, during which the failure to pay
the decimal. Example: Assume the 2024 monthly interest rate is continues. This penalty cannot exceed 25 percent of the tax due.
0.5833 percent, multiply 0.00583 by 12 then divide the result by Use the worksheet below to calculate that penalty.
365 to get the daily interest rate of 0.0002717.
Delinquent Payment Penalty Calculation Worksheet
Interest Calculation Worksheet
1 Number of days late from the due date.
1 Number of days late from the due date.
2 Daily interest rate (See instructions above.) 0._______ 2 Divide Line 1 by 30 days. ÷30
3 Interest rate (Multiply Line 1 by Line 2.) Number of 30-day periods (If fraction of
3 days remain, increase the amount to the
4 Amount you owe (Form IT-541, Line 26.) .00 nearest whole number.)
enter the result on Form IT-541, Line 27). .00
5 Total interest due (Multiply Line 4 by Line 3, and 4 30-day penalty percentage .05
Total penalty percentage (Multiply Line 3
5 by Line 4. The result cannot exceed 25
Delinquent Filing Penalty – A delinquent filing penalty will be percent.)
charged for failure to file a return on or before the extended due
6 Amount you owe (Form IT-541, Line 26.)
date of November 15, 2024. The penalty is five percent of the tax .00
for each 30 days or fraction thereof during which the failure to file Total amount of Delinquent Payment
7 Penalty (Multiply Line 6 by Line 5 and enter
continues. If you file after the extended due date, the delinquent the result on Form IT-541, Line 29.) .00
filing penalty that will be assessed is the maximum of 25 percent
of the tax due.

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