La. Admin. Code tit. 61 § V-3309
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-3309 - Listing and Assessing of Stock; Branch OfficesA. When any bank, banking company, firm, association, corporation or capital stock association operates a branch office or offices in different municipalities wholly within the limits of the parish of its legal domicile, its tax assessment for state and local purposes may be assessed at its domicile or may be apportioned among the various municipalities in which such institution and its branch or branches are located in the proportion which the respective amount of deposits in such branches shall bear to the total deposits of such institution. The amount of deposits to be determined as of the thirty-first day of December of the preceding year. Exercise of the provisions in this Section is discretionary with the financial institution affected hereby and shall not apply to the Parish of Orleans. (R.S. 47:1969 and R.S. 6:944)La. Admin. Code tit. 61, § V-3309
Promulgated by the Department of Revenue and Taxation, Tax Commission, LR 13:249 (April 1987), amended LR 16:1064 (December 1990).AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1967, R.S. 47:1968, R.S. 47:1969, R.S. 6:942, R.S. 6:943 and R.S. 6:944.