La. Admin. Code tit. 28 § CLXV-701

Current through Register Vol. 50, No. 11, November 20, 2024

Section CLXV-701 - General School Readiness Tax Credit Provisions

A. For purposes of the tax credits provided in R.S. 47:6101-6109, a child is deemed to be five years of age or less if the child is five years of age or less on any day of the taxable year for which a credit is claimed.

B. The term "business" as used in this Chapter means any for-profit or not-for-profit entity not including any individual operating in their personal capacity.

C. The credits provided for in R.S. 47:6101-6109 are applicable against individual income tax and corporation income and franchise tax but not against income taxes imposed on estates and trusts.

D. For purposes of this chapter and Chapters 9 and 11 of this Bulletin, the term "child care facilities" means any licensed Type III early learning center or registered and CCAP-certified family child care home that has current academic approval.

La. Admin. Code tit. 28, § CLXV-701

Promulgated by the Board of Elementary and Secondary Education and the Department of Revenue, LR 412117 (10/1/2015), Amended LR 481006 (4/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:6(10), R.S. 47:287.785, R.S. 47:295, R.S. 47:1511, and R.S. 47:6103.