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These credits allow tax breaks to families, child care providers, child care directors and staff, and businesses that support child care in an effort to encourage child care facilities to voluntarily participate in the quality rating program administered by the Louisiana Department of Social Services under the name of Quality Start Child Care Rating System. The School Readiness Tax Credits, which are effective for income tax years beginning on or after January 1, 2008, and franchise tax years b.

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The tax credit is claimed on the Resident Individual Income Tax return, Form IT-540, Schedule F, or the Nonresident and Part-Year Resident Individual Income Tax Return, Form IT-540B, Schedule F-NR. LDE will provide certification to child care directors and staff indicating the educational level achieved by January 31.

Child and Dependent Care Tax Credit (CDCTC) Credit is refundable only for filers with earned incomes under $25,000. State CDCTC is equal to 50% of the federal credit. Credit is non-refundable for all other eligible taxpayers. For filers with earned incomes of $25,000-$50,000: 30% of federal credit.

Investment tax credits are basically a federal tax incentive for business investment. They let individuals or businesses deduct a certain percentage of investment costs from their taxes. These credits are in addition to normal allowances for depreciation.

The rate used in determining assessed value differs depending on the type of property. The following types of property are assessed based on fair market value: residential 10%, commercial 15%, and public service 25%. Agricultural, horticultural, marsh and timber lands are assessed at 15% of use value.

This program allows for taxpayers who pay ad valorem property taxes on business inventory to claim a one-time credit for use against their Louisiana income or corporate franchise taxes.

Ad valorem is a Latin phrase that translates to “ing to the value.” The essential characteristic of ad valorem tax is that it is proportional to the value of the underlying asset, unlike a specific tax, where the tax amount remains constant, irrespective of the underlying asset's value.

Parents who did not opt out of the monthly payments will get $1,500 or $1,800 per child, depending on the child's age, after they file their taxes in the spring of 2022. Those who opted out of all the monthly payments can expect a $3,000 or $3,600.

Inventory tax is an additional property tax against the value of your business's inventory. It's often included with such taxes as furniture and equipment. Most states do not tax inventories, though some do.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232