FILE - In a Tuesday, Feb. 21, 2012 file photo, Boeing Company Chairman, President, and CEO W. James McNerney, Jr. attends the first-ever State Department Global Business Conference, at the State Department in Washington. Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday, Aug. 16, 2012 by the Institute for Policy Studies. The study said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings. The study said McNerney Jr. of Boeing got $18.4 million in pay last year while his company received a tax refund of $605 million. (AP Photo/Manuel Balce Ceneta, File)
Louisiana promotes Citizens rebates
Published: 03:29:04 PM, Fri 22 February 2013 UTC
BATON ROUGE, La. (AP) — Louisiana taxpayers are leaving tens of millions of property insurance rebates unclaimed each year.
Insurance Commissioner Jim Donelon said Thursday the reason is that nearly two-thirds of property owners are foregoing the rebates for the Louisiana Citizens Property Insurance Corp. assessment.
Donelon said at the end of 2012, more than $255 million remained unclaimed.
He says property owners have a limited time to claim the rebates. The option to claim the rebate for the 2009 assessment expires after Dec. 31.
The rebates for 2009 to 2012 can be claimed on property owners' Louisiana Income Tax Return as a tax credit; by going to http://www.revenue.louisiana.gov/file; online and clicking on "Citizens Insurance Rebate"; or by filling out Form R-540INS for individuals or Form R-620INS for businesses.
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