Louisiana Corporation Franchise Tax Initial Return (CFT-4)

Corporation Franchise Tax Initial Return (CFT-4)
Form R-6906A
R-6906A (1/24)
Louisiana Department of Revenue
PO Box 91011
Baton Rouge, LA 70821-9011

Corporation Franchise Tax
Initial Return for 2024 Taxable Year

To avoid a penalty, this return must be filed with the Department of Revenue, P.O. Box 91011, Baton Rouge, LA 70821-9011, on or before
the 15th day of the fourth month following the month in which the tax accrues. If the due date falls on a holiday or weekend, the return
must be transmitted on or before the next business day in order to avoid penalty and interest. Use this return for new entities subject to
franchise tax on or after January 1, 2024, with a period end date of December 31, 2024, or a fiscal year ending in 2025.
Louisiana Revenue Account Number

Legal Name

Mailing Address

Unit Type

City

State

1a. Period covered:

MM D D Y Y
						through

ZIP

Unit Number

Foreign Nation, if not United States (do not abbreviate)

1b. Fiscal month

MM D D Y Y

2. FEI number

3. Incorporated in state of:

4. Name and address of former owner (If this entity is successor to an existing business)
5. Name and address of parent company, if applicable
6a. Principal place of business

6b. Telephone number

7a. Principal Louisiana office location (street address, city, state, zip code)

7b. Telephone number

8a. Date Louisiana charter issued (mm/dd/yyyy)

8b. Louisiana charter number (issued by Louisiana Secretary of State)

9a. Date business began in Louisiana (mm/dd/yyyy)

9b. Nature of business operation

10. Parishes in which property is located
11. Name and address of registered agent

1 1 0

12. Initial Franchise Tax

0 0

14. Interest (See instructions)

13. Penalty (See instructions)
15. Total Amount Due

Make payment to: Louisiana Department of Revenue. DO NOT SEND CASH.

Signature of verification
I declare under the penalties for filing false returns that this return has been examined by me, and is, to the best of my knowledge and belief, true, correct,
and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge.
Signature of officer

Title

Individual or firm signature of preparer

Print Preparer’s Name

PAID
PREPARER
USE ONLY

Preparer’s Signature

Date (mm/dd/yyyy)

Telephone

Date (mm/dd/yyyy)

Telephone

Date (mm/dd/yyyy)

Firm’s Name

➤

Firm’s FEIN

➤

Firm’s Address

➤

Telephone

➤

Check

■

if Self-employed

PTIN, FEIN, or LDR Account Number
of Paid Preparer
For Office
Use Only.

2346

Instructions for Corporation Franchise Tax Initial Return
Use this return for new entities subject to franchise tax on or after January 1, 2024, with a period end date of December 31, 2024, or a
fiscal year ending in 2025.
The franchise tax is imposed on corporations, and other entities that are tax as “C corporations” for federal income tax purposes, subject
to certain exceptions.
1)	 Any limited liability company that is eligible to be treated as an “S corporation” for federal income tax purposes on the first day of the
franchise tax period, is not subject to franchise tax.
2)	 Any other entity that was acquired during the period January 1, 2012 to December 31, 2013, by an entity that was taxed as an “S
corporation,” is not subject to franchise tax.
3)	 R.S. 47:608 provides certain exemptions from franchise tax.
Every new entity subject to franchise tax must file an initial return and pay the initial tax of $110.00. This return is due on or before the 15th
day of the fourth month following the month in which the tax accrues.
•	 For a domestic entity, the tax accrues on the date shown on the charter issued by the Secretary of State.
•	 For a foreign entity, the tax accrues on the date the entity exercises its charter in Louisiana, is authorized to do, actually does business
in Louisiana, or uses any part of its capital or plant in Louisiana whether owned directly or indirectly by or through a partnership, joint
venture, or any business organization of which the domestic or foreign entity is a related party as defined in R. S. 47:605.1.
Example due dates are as follows: The tax of ABC accrued on March 21, 2024; its initial return and payment of $110.00 tax would be due
on or before July 15, 2024.
•	 If ABC adopted a calendar year accounting period, this initial payment would cover the period March 21, 2024, through December 31,
2024. The next franchise return would be due on or before May 15, 2025, and must be filed on the 2024/2025 Form CIFT-620.
•	 If the fiscal year ending June 30, 2024 was adopted, the initial return would cover the period March 21, 2024, through June 30, 2024.
The next franchise return would cover the period July 1, 2024, through June 30, 2024, would be due on or before November 15, 2024,
and must be filed on the 2023/2024 Form CIFT-620.
Delinquent returns and payments must include applicable penalty and interest. If the due date falls on a holiday or weekend, the return
must be transmitted on or before the next business day in order to avoid penalty and interest.
Corporation franchise tax for domestic entities continues to accrue and must be filed on Form CIFT-620, regardless of whether any assets
are owned or any business operations are conducted, until a “Certificate of Dissolution” is issued by the Louisiana Secretary of State.
Corporation franchise tax for foreign entities continues to accrue and must be filed on Form CIFT-620, as long as the entities exercises its
charter, does business, or owns or uses any part of its capital or plant in Louisiana and, in the case of a qualified entities, until a “Certificate
of Withdrawal” is issued by the Louisiana Secretary of State.
Line 1a.	 Enter the period covered by this initial franchise tax return. The period begins on the date the charter is filed with the Secretary
of State, or the date of Louisiana qualification, or other taxing incidence. The period ends on the date the first accounting period
closes. If books are kept on a calendar year basis, the period covered must end on December 31, 2024. If a fiscal year basis
is used, the period must end on the last day of any month in 2025 except December, and cannot exceed 12 months. Use this
return only if the period ends date is December 31, 2024, or a fiscal year ending in 2025.
Line 1b. 	 Enter the month your accounting period closes. The month should match the period ends date on Line 1a.
Line 2. 	

Enter the Federal Employer’s Identification Number for the entity.

Line 3. 	

Enter the state where the entity was originally incorporated.

Line 4. 	

If the entity is the successor to an existing business (i.e., through a merger or the incorporation of an existing entity, such 		
as a partnership), enter the name and address of the former business or owner.

Line 5. 	

If the entity is a subsidiary of another entity, enter the name and address of the parent entity.

Line 6a. 	 Enter the city and state of the principal place of business. Enter the telephone number on line 6b.
Line 7a. 	 Enter the primary Louisiana office location. Provide a physical address of the primary location: street address, city, state, 		
and zip code.
Line 7b. 	 Enter the telephone number.

Line 8a. 	 Enter the date (month, day, year) the Louisiana charter was issued.
Line 8b. 	 Enter the charter number assigned to this entity by the Louisiana Secretary of State.
Line 9a. 	 Enter the date (month, day, year) this entity began business in Louisiana.
Line 9b. 	 Describe the nature of the business operations in Louisiana.
Line 10. 	 Enter the parishes in Louisiana where corporate property is located.
Line 11. 	 Enter the name and address of the registered agent for this entity as recorded with the Louisiana Secretary of State.
Line 12. 	 The initial franchise tax due is $110.00.
Line 13. 	 Calculate Delinquent Filing Penalty for failure to file a return timely. The penalty for failure to file a return on time, except
when failure is due to a reasonable cause, is five percent of the total tax due if the delay in filing is for not more than 30 days,
with an additional five percent for each additional 30 days or fraction thereof during which the failure to file continues. The
penalty cannot exceed 25 percent of the tax due.
Calculate Delinquent Payment Penalty for failure to pay the tax in full by the date the return is required by law to be filed.
The penalty is five percent of the unremitted tax not paid for each 30 days, or fraction thereof, during which the failure to pay
continues.
Add the amounts calculated for each penalty and enter the total amount of penalties. The sum of both the delinquent filing and
delinquent payment penalties cannot exceed 25 percent of the tax due and cannot be assessed on the same 30 days. Thirtyday increments are used for the calculation of the delinquent filing and delinquent payment penalties. These penalties are
based on the date LDR receives the return or payment. In addition to the delinquent penalties, you may also incur an accuracyrelated penalty under R.S. 47:1604.1 if circumstances indicate negligent failure to comply with rules and regulations.
Line 14. 	 Interest is due on all items of tax not paid by the due date of the return. Because the interest rate varies year to year, the
Department is unable to provide a specific rate. Refer to the Tax Rate Schedule (R-1111) for monthly interest rates that apply.
Form R-1111 is available on the LDR’s website at www.revenue.louisiana.gov. Calculate the interest amount and enter the
amount of interest here.
Line 15.	 Add the total penalty and interest due to the franchise tax amount of $110.00 and enter the total on Line 15. Make payment to
the Louisiana Department of Revenue. DO NOT SEND CASH.
Paid Preparer Instructions
If your return was prepared by a paid preparer, that person must also sign in the appropriate space, complete the information in the
“Paid Preparer Use Only” box and enter his or her identification number in the space provided under the box. If the paid preparer has a
Preparer Tax Identification Number (PTIN), the PTIN must be entered in the space provided under the box, otherwise enter the Federal
Employer Identification Number (FEIN) or LDR account number. If the paid preparer represents a firm, the firm’s FEIN must be entered in
the “Paid Preparer Use Only” box. The failure of a paid preparer to sign or provide an identification number will result in the assessment
of the unidentified preparer penalty on the preparer. The penalty of $50 is for each occurrence of failing to sign or failing to provide an
identification number.