§ 18-206. Interest added to repayments.

There shall be computed and added thereto to all refund or credits interest as part of the refund or credit as follows:

(1)

From date of payment of the taxes, but prior to submission by the taxpayer of a claim for refund, interest shall be computed at a rate of two (2) percent per annum.

(2)

From date of submission by the taxpayer of a claim for refund or from payment under protest, or from the date that the taxpayer gives the parish school board sales and use tax department notice of taxpayer's intention to file suit for recovery of any taxes paid, interest shall be at the rate established pursuant to Civil Code Article 2924 (B)(3) per year.

(3)

The interest rate provided for in paragraph (2) of this section shall not be applicable for a sixty-day period from the date the taxpayer makes a claim for refund, if a refund is the result the taxpayer's administrative error; however, the interest of this sixty-day period shall be computed under the provisions paragraph (1) of this section. No interest on refunds credits shall be allowed if it is determined that a person has deliberately overpaid a tax in order to derive the benefit of the interest allowed by this section. Payments of interest authorized by this section shall be made from funds derived from current collections or the tax to be refunded or credited.

(Ord. No. 8-1992-1, § 10.06, 8-10-92)