Terms Used In Louisiana Revised Statutes > Title 23 > Chapter 9 > Part XIII - Employer Responsibility to Inform New Employees of the Federal Earned Income Tax Credit and the Advance Earned Income Credit

• AEIC: means the Advance Earned Income Credit. See Louisiana Revised Statutes 23:1018.1
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Board: means the Louisiana State Board of Home Inspectors. See Louisiana Revised Statutes 37:1473
• Commission: means the Louisiana Workforce Commission. See Louisiana Revised Statutes 23:1
• Component: means a readily accessible and observable aspect of a system, such as a floor or wall, but not individual pieces such as boards or nails where many similar pieces make up a component. See Louisiana Revised Statutes 37:1473
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• EITC: means the federal Earned Income Tax Credit. See Louisiana Revised Statutes 23:1018.1
• Employee: means any person who is employed by an employer for compensation in return for the performance of services. See Louisiana Revised Statutes 23:1018.1
• Employer: means any Louisiana business establishment that has twenty or more full-time or part-time employees. See Louisiana Revised Statutes 23:1018.1
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Home inspector: means any person who, in accordance with the provisions of this Chapter, holds himself out as a home inspector to the general public or engages in the business of performing home inspections on resale residential buildings for compensation and who examines any component of a building, through visual means and through normal user controls, without the use of mathematical sciences. See Louisiana Revised Statutes 37:1473
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• System: means a combination of interactive or interdependent components assembled to carry out one or more functions. See Louisiana Revised Statutes 37:1473