Community Corner
Louisiana's Revenue Department Acknowledges Slight Miscalculation
The Louisiana Department of Revenue (LDR) has confirmed an audit that shows it incorrectly reported the state's 2022 tax receipts.
- March 6, 2023
16:16
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Louisiana’s Revenue Department acknowledges slight miscalculation
By: Wesley Muller - March 6, 2023 4:16 pm
Find out what's happening in Across Louisianafor free with the latest updates from Patch.
Louisiana’s state flag. (Photo credit: Wes Muller/Louisiana Illuminator)
The Louisiana Department of Revenue (LDR) has confirmed an audit that shows it incorrectly reported the state’s 2022 tax receipts in its annual fiscal report, according to a recent audit. The errors amounted to a small percentage of the state’s total budget.
The Louisiana Legislative Auditor’s Office released a report Monday that stated LDR understated sales, corporate and individual income tax revenues by $39.5 million. The agency also understated modified accounts receivables by $32.2 million due to the omission of $7.3 million in hotel sales tax revenues and $32.2 million in pending sales, corporate, and individual tax receivables.
LDR’s annual fiscal report is used by the Office of Statewide Reporting and Accounting Policy (OSRAP) to compile Louisiana’s Annual Comprehensive Financial Report.
The Legislative Auditor’s Office recommended that LDR perform a thorough review of its annual fiscal report to identify and correct preparation errors and omissions before submitting the reports to OSRAP.
In a written response, LDR Secretary Kevin Richard agreed with the audit’s findings and recommendations but said the understated amount of $32.2 million represents just 0.27% of the total amount allocated to the state’s various funds.
“In short, the small percentage these amounts represent show minor financial miscalculations occurred rather than a pervasive issue of fraud, or intentional falsification or misrepresentation of LDR’s [annual fiscal report],” Richard wrote.
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Wes Muller traces his journalism roots back to 1997 when, at age 13, he built and launched a hyper-local news website for his New Orleans neighborhood. In the years since then, he has freelanced for the Times-Picayune in New Orleans and worked on staff at the Sun Herald in Biloxi, WAFB-9News CBS in Baton Rouge, and the Enterprise-Journal in McComb, Mississippi.
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The Louisiana Illuminator is an independent, nonprofit, nonpartisan news organization driven by its mission to cast light on how decisions are made in Baton Rouge and how they affect the lives of everyday Louisianians, particularly those who are poor or otherwise marginalized.
