Louisiana Revised Statutes 47:335.2 – Definitions
Terms Used In Louisiana Revised Statutes 47:335.2
- Agreement: means the Streamlined Sales and Use Tax Agreement. See Louisiana Revised Statutes 47:335.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means an individual, trust, estate, fiduciary, partnership, limited liability company, limited liability partnership, corporation, or any other legal entity. See Louisiana Revised Statutes 47:335.2
- Personal property: All property that is not real property.
- Seller: means any person making sales, leases, or rentals of personal property or services. See Louisiana Revised Statutes 47:335.2
- State: means any state of the United States and the District of Columbia. See Louisiana Revised Statutes 47:335.2
As used in this Chapter:
(1) “Agreement” means the Streamlined Sales and Use Tax Agreement.
(2) “Certified automated system” means software certified jointly by the states that are signatories to the agreement to calculate the tax imposed by each jurisdiction on a transaction, determine the amount of tax to remit to the appropriate state, and maintain a record of the transaction.
(3) “Certified service provider” means an agent certified jointly by the states that are signatories to the agreement to perform all of the seller‘s sales tax functions.
(4) “Person” means an individual, trust, estate, fiduciary, partnership, limited liability company, limited liability partnership, corporation, or any other legal entity.
(5) “Sales and use tax” means the taxes levied under La. Rev. Stat. 47:301 through 332 and the taxes that are levied by local governmental subdivisions and school boards under authority of La. Const. Art. VI, § 29 .
(6) “Seller” means any person making sales, leases, or rentals of personal property or services.
(7) “State” means any state of the United States and the District of Columbia.
Acts 2001, No. 72, §1, eff. May 24, 2001.