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Instructions for Form R-5024 Consumable Hemp Products Tax Return - Louisiana
This document contains official instructions for Form R-5024 , Consumable Hemp Products Tax Return - a form released and collected by the Louisiana Department of Revenue.
FAQ
Q: What is Form R-5024?
A: Form R-5024 is the Consumable Hemp Products Tax Return in Louisiana.
Q: Who needs to file Form R-5024?
A: Anyone in Louisiana who sells or distributes consumable hemp products needs to file Form R-5024.
Q: What are consumable hemp products?
A: Consumable hemp products include products that contain hemp extract intended for ingestion, such as oils, capsules, and gummies.
Q: When is the Form R-5024 due?
A: Form R-5024 is due on the 20th day of the month following the end of the reporting period.
Q: What information is required on Form R-5024?
A: Form R-5024 requires information such as total sales of consumable hemp products, tax due, and any other applicable information.
Q: Are there any penalties for late filing of Form R-5024?
A: Yes, there are penalties for late filing of Form R-5024. The penalty is 5% of the tax due for each month or fraction of a month that the return is late, up to a maximum of 25%.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Louisiana Department of Revenue.
