§296.1. No-return option

A. Notwithstanding any other provisions of the law to the contrary, the secretary of the Department of Revenue is authorized to simplify the income tax filing requirements for certain resident individual taxpayers by providing a no-return option. This option will allow qualified individuals to elect to pay their income tax liability by means of their employer's withholding the proper amount of tax from taxable wages. Taxpayers who are qualified and elect the no-return option will not be required to file an annual income tax return. Taxpayers electing a no-return option may, within the prescriptive period for the tax, later choose to file a return.

B. The secretary is authorized pursuant to the Administrative Procedure Act to promulgate rules and regulations that:

(1) Provide for definitions of terms.

(2) Provide for the qualifications and procedures to elect the no- return option.

(3) Establish special withholding tax tables that take into account:

(a) The combined personal exemption and standard deduction.

(b) The dependent deduction.

(c) The federal income tax deduction.

(d) Those tax credits that the secretary deems compatible with the efficient implementation and administration of the no-return option program.

(e) The tax rates set forth in R.S. 47:32.

(4) Provide for effective dates.

(5) Provide and require all things reasonable and necessary to simplify the taxpayer's payment of individual income tax, reduce the taxpayer's accounting burden, and facilitate the collection and administration of the income tax imposed on resident individuals.

Acts 1997, No. 34, §1, eff. May 29, 1997.