Louisiana – Market-based sourcing, single sales factor expansion, and throwout

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July 2016

Overview

Louisiana Governor John Bel Edwards signed several bills following the adjournment of Louisiana’s second special session on June 23, 2016.

Effective for tax years beginning on or after January 1, 2016: (1) sales other than sale of tangible personal property are sourced on a market-based approach (2) most taxpayers will apportion income based on a single sales factor; and (3) a throwout rule is enacted.

Applicable to refunds filed and assessments issued on or after June 23, 2016, the sales tax exception for ‘further processing’ is amended to provide certain requirements taxpayers must satisfy to qualify for the exception.

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Peter Michalowski

Peter Michalowski

State and Local Tax Leader, PwC US

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