The Louisiana Department of Revenue (LDR) is granting tax filing and payment extensions to taxpayers whose homes, principal place of business, or critical tax records are in areas affected by Hurricane Isaac. The LDR will waive any late filing penalties, late payment penalties, and interest that would otherwise apply. Any return or amount on which penalty or interest began accruing before August 26, 2012, will not be eligible for relief.
Specifically, extensions are available for sales tax, severance tax, and excise taxes with original or extended due dates on or after August 26, 2012, and on or before September 30, 2012. The due date for qualifying returns and payments for these taxes has been extended to October 15, 2012.
In addition, extensions are available for withholding tax payments due on or after August 30, 2012, and on or before September 30, 2012. Withholding payments will not be subject to penalty and interest as long as the payments are received by October 31, 2012.
Finally, for income and franchise tax purposes, tax filing and payment deadlines that occurred on or after August 26, 2012, and on or before January 11, 2013, are postponed. Affected individuals and businesses will have until February 11, 2013, to file these returns and pay any taxes due. This includes individuals and corporations that previously obtained an extension until November 15, 2012, to file their 2011 income returns. It also includes the estimated tax payment for the third quarter of 2012, normally due September 15, 2012.
Louisiana parishes affected by Hurricane Isaac and eligible for tax relief include: Ascension, Assumption, East Baton Rouge, East Feliciana, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. Helena, St. James, St. John the Baptist, St. Mary, St. Tammany, Tangipahoa, Terrebonne, Washington, West Baton Rouge, and West Feliciana. In Mississippi, tax relief applies to Hancock, Harrison, Jackson, and Pearl counties.
Revenue Information Bulletin No. 12-029 , Louisiana Department of Revenue, September 12, 2012 , ¶202-469