A.  If the Department of Revenue or the department find that a child care facility, a business, or an individual has obtained a tax credit in violation of the provisions of this Chapter, including but not limited to fraud or misrepresentation, then the taxpayer’s state income tax for such taxable period shall be increased by such amount necessary for the recapture of the tax credit provided for in this Chapter.

B.(1)  Credits granted to a taxpayer, but later disallowed, may be recovered by the secretary of the Department of Revenue through any collection remedy authorized by La. Rev. Stat. 47:1561 and initiated within three years from December thirty-first of the year in which the credit was taken.

(2)  The only interest that may be assessed and collected on recovered credits is interest at a rate three percentage points above the rate provided in La. Rev. Stat. 9:3500(B)(1), which shall be computed from the original date of the return on which the credit was taken.

C.  The provisions of this Section are in addition to and shall not limit the authority of the secretary of the Department of Revenue to assess or to collect under any other provision of law.

Acts 2007, No. 394, §1, eff. July 10, 2007; Acts 2013, No. 406, §1, eff. July 1, 2013.