Refundable Tax Credits:

DECLARATIONS OF ESTIMATED TAX - This is credit for the total payments made on your estimated taxes including credits carried forward to this year, and payments remitted with extensions. For information concerning composite partnership paymets. See LAC 61:I.1401(D)(6) on our website.

INVENTORY TAX CREDIT - A refundable credit is allowed against income tax for 100 percent of the ad valorem taxes paid to political subdivisions in Louisiana on inventory held by manufacturers, distributors, and retailers. (R.S. 47: 6006)

TELEPHONE COMPANY CREDIT - A refundable credit is allowed against income tax for up to 40 percent of the ad valorem taxes paid to Louisiana political subdivisions by a telephone company with respect to that company's public service properties located in Louisiana.

CREDIT FOR CERTAIN CHILD CARE EXPENSES - (R.S. 47:297.4) A credit against the tax is allowed for child care expenses for which a resident individual claims a child care tax credit on the federal income tax return. The credit is a percent of the federal credit, with the percent of the federal credit allowed depending upon the individual's federal adjusted gross income.