Are businesses allowed any deductions to the Occupational License Tax basis?

The Occupational License Tax Ordinance allows for deductions from gross income only in specific cases:

  • An exclusion is allowed for the price paid for gasoline and motor fuels or lubricating oils that equal the excise tax levied by federal and state statutes.
  • A deduction for undertakers and funeral directors who collect payments on behalf of other undertakers and funeral directors.
  • Gross receipts of advertising agencies shall not include funds used to purchase media time/space on behalf of clients.
  • Retailers that hold valid Class A or Class B wine and liquor permits shall be entitled to a 20% deduction of gross sales and receipts in determining the amount of taxable gross income.
  • Professionals are allowed to deduct fees paid to other licensed professionals.
  • A deduction for commission brokers that purchase stocks (the deduction is 40% of purchases) or commodities (the deduction is 55% of purchases) on exchanges located outside the state of Louisiana.
  • A 2/3 deduction from gross sales is allowed for nursing homes.

Show All Answers

1. What is Electronic Filing?
2. Who is required to file electronically?
3. Is online filing available to any business with an occupational license?
4. What happens if I lose my PIN?
5. If I file my renewal electronically, will I receive a copy for my records?
6. Can I file and pay electronically at the same time?
7. What if I want to file an occupational license return for a previous year?
8. When are returns considered late?
9. What if I have more than one business and I want to file electronically?
10. Who is responsible for paying the Occupational License Tax?
11. If more than one individual operate under 1 corporation will each person be responsible for paying the license tax?
12. When is the occupational license tax due?
13. How do I obtain forms?
14. What is the Occupational License Tax rate of penalty and interest?
15. Are businesses allowed any deductions to the Occupational License Tax basis?