Business Personal Property
Taxscribe for Louisiana Business Owners & CPAs
Modern personal property tax filing for Louisiana — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
In Louisiana, business personal property is defined as any movable, privately owned asset used for business, except real property. This includes:
- Inventory and Merchandise
- Furniture and Fixtures
- Machinery and Equipment
- Leasehold Improvements
- Leased Equipment
Who should file Business Personal Property?
All businesses possessing personal property, like the items listed above, should file a LAT-5 business personal property return to their local assessor's office.
- Filing deadline
- Business personal property tax filing in Louisiana must be filed by April 1st annually.
- Late penalty
- Failure to file timely results in an estimated assessed value and may result in a penalty.
When you should file:
Business personal property tax filing in Louisiana must be filed by April 1st annually. Failure to file timely results in an estimated assessed value and may result in a penalty.
Extensions:
Extensions beyond the April 1st deadline may not be explicitly stated. Specific jurisdictions may allow for extensions individually. It's advised to consult with your local assessor for any potential extension options and associated requirements.
Important Notes About Business Personal Property:
- LAT-5 is the Business Personal Property Self Reporting Form in Louisiana.
- An itemized depreciation schedule should accompany your filing. If one is unavailable, a complete listing of all assets used in the operation of the business should be included with the individual item, the year of its acquisition and its original acquisition cost.
- All questions should be directed to your local parish assessor's office.
Coverage
How Taxscribe works in Louisiana
Taxscribe supports Business Personal Property filing across Louisiana. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.