Louisiana – Entities holding real property for investment are not subject to local occupation tax because they are not engaged in ‘business’

A Louisiana appellate court found that investing entities were not subject to local parish occupational license tax because owning real estate did not constitute being engaged in ‘business’ as required for imposition of the tax. Out-of-state investors in Louisiana property should review whether local occupational tax refunds may be available if their local activities do not satisfy local ‘doing business’ requirements consistent with the court’s ruling.

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