This bill amends several sections of Louisiana's sales and use tax laws to enhance the audit procedures for local collectors. Key changes include the requirement for local collectors to provide written requests for documentation before initiating audits, as well as the stipulation that taxpayers must be notified of their rights regarding the prescriptive period before an audit begins. Specifically, the bill introduces a new provision advising taxpayers that waiving the prescriptive period is voluntary. Additionally, it allows for the suspension of interest and penalties under certain conditions, such as when a written agreement is made between the taxpayer and the collector.

The bill also clarifies the process for estimating taxes due, mandating that collectors must first request relevant documentation from dealers. If collectors fail to comply with this requirement, any assessment made will be deemed arbitrary. Furthermore, it modifies the provisions regarding the accrual of interest on unpaid taxes, ensuring that interest is treated as part of the tax due and can be enforced accordingly, while also specifying that interest may not be waived except under certain circumstances. Overall, these amendments aim to provide clearer guidelines for both taxpayers and collectors in the administration of local sales and use taxes.

Statutes affected:
HB1039 Original: 47:26(D)(1), 47:1(A), 47:69(A), 47:70(C)(3)
HB1039 Engrossed: 47:26(D)(1), 47:67(C), 47:69(A), 47:70(C)(3)
HB1039 Reengrossed: 47:26(D)(1), 47:67(C), 47:69(A), 47:70(C)(3)
HB1039 Enrolled: 47:26(D)(1), 47:67(C), 47:69(A), 47:70(C)(3)
HB1039 Act 691: 47:26(D)(1), 47:67(C), 47:69(A), 47:70(C)(3)