What changes were made to the inventory tax credit?


For entities taxed as C-corporations for federal income tax purposes, the inventory tax credit has been sunset, effective for taxable periods beginning on or after July 1, 2026. C-corporations can continue to claim their carryforwards for the remainder of the initial 10-year period, plus an additional 5 years for credits which did not expire prior to January 1, 2025. Credits earned by a C-corporation are non-refundable for periods beginning on or after January 1, 2025.

For taxable periods beginning on or after July 1, 2026, the inventory tax credit can only be taken against individual income taxes, including credits from pass-through entities.


Filing Dates


News & Announcements

May 14, 2025

Tax preparer arrested for gambling-related tax fraud scheme

A Louisiana tax preparer faces felony charges over an alleged scheme to steal tens of thousands of dollars in fraudulent income tax refunds.

May 12, 2025

Louisiana state income tax deadline is May 15

The deadline for 2024 Louisiana state income tax is Thursday, May 15.

January 29, 2025

Louisiana state income tax filing begins Wednesday, Jan. 29

Louisiana Department of Revenue (LDR) will begin accepting 2024 state individual income tax returns on Wednesday, Jan. 29, 2025.


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