I have some great news if you missed your 60-day deadline for appealing the denial of their solar tax panel credit by the Louisiana Department of Revenue -- you may have a second chance to contest the denial!!!!
In the aftermath of “The Great Flood of 2016”, we at Bryson Law Firm, LLC have been busy both inside and outside the office doing what we can to help our clients- our employees- our friends- our community- rebuild in the midst of such LOSS. Ever-looking at things from a tax perspective, people who’ve suffered such a LOSS should keep in mind that much of those losses can be tax deductible.
For years Louisiana has offered tax credits to residents who purchased solar panels for their homes. However, in mid-2015 the Louisiana legislature and the Louisiana Department of Revenue (LDR) determined that there was not enough money in the budget to fund the solar tax credits. So, the legislature decided to place a funding "cap" on the total amount of credits that the state will honor each year between now and 2017. The "cap" has resulted in the denial or deferment of payment of the solar tax credits to thousands of Louisiana taxpayers who are now left confused, frustrated . . . and frankly down right angry!