How do I calculate Ad Valorem Taxes when filing Louisiana State Tax?

Question

This is what H&R Block's website defines it as:

Ad Valorem Taxes Paid to Political Subdivisions

A refundable credit is allowed against income tax for taxes paid to Louisiana political subdivisions by a telephone company with respect to that company's public service properties located in Louisiana (R.S. 47:6014). The credit may be passed through certain legal entities to individuals. A schedule must be attached stating what entity or entities paid the tax and obtained the credit on the individuals behalf.


Now that we know what it means, how do I calculate it? Is it just what my mortgage company says I paid in taxes last year?

Answer 1

If it's listed on the phone or utility bill, you can claim the credit. If it's not listed, you can't.

Answer 2

I paintings at motorcar branch in Georgia. The above Illinois tax sounds precisely like the Georgia identify advert Valorem Tax (TAVT). automobile revenues at GA dealerships are exempt from revenues tax and concern to TAVT, that's 6.seventy 5% of an NADA based honest industry value. inner maximum occasion or casual revenues are additionally concern to TAVT. when you pay it, you in no way pay a Georgia tax on that automobile lower back.