reglab/housing_qa huggingface dataset:
LA Rev Stat § 47:287.77 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.77. Computation of Louisiana net income or loss

RS 287.77 - Computation of Louisiana net income or loss  Louisiana net income or loss of a corporation is determined by applying the allocation and apportionment provisions of this Part to the corporation's gross income, allowable deductions, and net income for a taxable year as determined and computed pursuant to this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.79 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.79. Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.

RS 287.79 - Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.
LA Rev Stat § 47:287.81 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.81. Items not deductible; amounts attributable to income not taxed

RS 287.81 - Items not deductible; amounts attributable to income not taxed  In computing Louisiana net income or Louisiana taxable income no deduction shall in any case be allowed in respect of any amount otherwise allowable as a deduction which is attributable to income which, for any reason whatsoever, will not bear the tax imposed by this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.83 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.83. Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.

RS 287.83 - Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.
LA Rev Stat § 47:287.85 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.85. Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.

RS 287.85 - Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.
LA Rev Stat § 47:287.91 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.91. Determination of Louisiana net income or loss

RS 287.91 - Determination of Louisiana net income or loss  A. The Louisiana net income of a corporation is the sum produced by combining the net allocable income or loss as provided in R.S. 47:287.93 and the net apportionable income or loss as provided in R.S. 47:287.94 when the result is more than zero.  B. The Louisiana net loss of a corporation is the sum produced by combining the net allocable income or loss as provided in R.S. 47:287.93 and the net apportionable income or loss as provided in R.S. 47:287.94 when the result is less than zero.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.92 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.92. Segregation of items of gross income

RS 287.92 - Segregation of items of gross income A. All items of gross income, not otherwise exempt, shall be segregated into two general classes designated as allocable income and apportionable income. B. Allocable income. The class of gross income to be designated as "allocable income" shall include only the following: (1) Rents and royalties from immovable or corporeal movable property. (2) Royalties or similar revenue from the use of patents, trademarks, copyrights, secret processes, and other similar intangible rights. (3) Income from estates, trusts, and partnerships. (4) Income from construction, repair, or other similar services. C. Apportionable income. The class of income to be designated as "apportionable income" shall include all items of gross income which are not properly includable in allocable income as defined in this Section. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1992, No. 1029, §1, eff. for taxable periods beginning on or after Jan. 1, 1992; Acts 1993, No. 690, §1, eff. June 21, 1993, for all taxable periods beginning after Dec. 31, 1992; Acts 2002, No. 16, §1, eff. June 7, 2002; Acts 2005, No. 401, §1, eff. for all taxable periods beginning after Dec. 31, 2005.
LA Rev Stat § 47:287.441 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.441. Accounting periods, methods of accounting, and adjustments

RS 287.441 - Accounting periods, methods of accounting, and adjustments  For purposes of determining the period in which to include items of gross income, determining the period in which deductions should be taken, and computing net income under this Part, a corporation shall use the same taxable year and the same method of accounting it is required to use for federal income tax purposes, including its inventory method and statutorily required accounting adjustments, unless otherwise provided in this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.443 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.443. Effective dates, taxable year, 52-53 week year

RS 287.443 - Effective dates, taxable year, 52-53 week year  In any case in which the effective date or the applicability of any provision of this Part is expressed in terms of taxable years beginning or ending with reference to a specified date which is the first or last day of a month, a taxable year consisting of 52-53 weeks which is properly elected under law shall be treated as:  (1) Beginning with the first day of the calendar month beginning nearest to the first day of such taxable year, or  (2) Ending with the last day of the calendar month ending nearest to the last day of such taxable year, as the case may be.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.444 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.444. Returns for a period of less than twelve months, special tax computation

RS 287.444 - Returns for a period of less than twelve months, special tax computation  A. When a separate return for a period of less than twelve months is required by law, or permitted by the secretary pursuant to this Part, Louisiana taxable income of a corporation shall be computed on the basis of such period.  B. When Louisiana taxable income is computed on the basis of a period of less than twelve months, it shall be placed on an annual basis by multiplying the amount thereof by twelve and dividing by the number of months included in the period for which the separate return is required or permitted to be made. The tax shall be such part of the tax computed on such annual basis as the number of months in such period is of twelve months.  Acts 1992, No. 170, §1, eff. for taxable periods beginning on or after Jan. 1, 1992.
LA Rev Stat § 47:287.445 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.445. Special adjustment for long-term contracts

RS 287.445 - Special adjustment for long-term contracts A. General. Notwithstanding any provision to the contrary in this Chapter, any corporation that uses the percentage of completion method prescribed in 26 U.S.C.A. §460 shall upon completion of the contract, or, with respect to any amount properly taken into account after completion of the contract, when such amount is so properly taken into account, pay or shall be entitled to receive interest computed under the look-back method of Subsection B. B. Look-back method. The interest computed under the look-back method of this Subsection shall be determined as follows: (1) First, allocating income under the contract among taxable years in accordance with the provisions of 26 U.S.C.A. §460(b)(2)(A). (2) Second, determine solely for purposes of computing such interest, the overpayment or underpayment of Louisiana corporate income tax for each taxable year referred to in Paragraph (1), which would result solely from the application of Paragraph (1), and (3) Then, applying the rate of interest established by R.S. 47:1624 to the overpayment or underpayment determined under Paragraph (2). C. S corporations. With respect to a corporation which for a taxable year is classified as an S corporation, the principles of I.R.C. Section 460(b)(4)(A) shall apply with respect to its excludible percentage of Louisiana net income attributable to any long-term contract, there shall be no exceptions for S corporations which are closely held pass-through entities and "highest rate" shall mean the highest rate of tax specified in R.S. 47:32. Acts 1992, No. 588, §1; Acts 2002, No. 51, §1, eff. Jan. 1, 2003.
LA Rev Stat § 47:287.501 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.501. Exemption from tax on corporations

RS 287.501 - Exemption from tax on corporations  A. General rule. An organization described in I.R.C. Sections 401(a) or 501 shall be exempt from income taxation under this Part to the extent such organization is exempt from income taxation at federal law, unless the contrary is expressly provided.  B. Additional exemptions.  (1) Mutual savings banks, national banking corporations and banking corporations organized under the laws of the state of Louisiana who pay a tax for their shareholders or whose shareholders pay a tax on their shares of stock under other laws of this state and building and loan associations shall be exempt from taxation under this Part.  (2) Any corporation, community chest, fund, or foundation which annually or more frequently contributes all of its current net earnings, less a reasonable reserve not to exceed one thousand dollars for anticipated expenses and future contributions, to organizations which are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals, shall itself be deemed organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals and shall be exempt from taxation under this Part; provided that said corporation, community chest, fund, or foundation is not engaged in the active conduct of trade or business, no part of its net earnings inures to the benefit of any private shareholder or individual and no substantial part of its activities is carrying on propaganda or otherwise attempting to influence legislation.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.521 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.521. Farmers' cooperatives; all cooperatives

RS 287.521 - Farmers' cooperatives; all cooperatives  A. Farmers' cooperatives.  An organization described under federal law as a farmer's cooperative shall be exempt from income taxation under this Part to the extent such organization is exempt from income tax at federal law.  B. All cooperatives.  (1) Any cooperative taxable under federal law shall be taxed under this Part on its Louisiana taxable income.  (2) For purposes of this Subsection:  (a) "Net income" means the taxable income of a cooperative determined in accordance with federal law applicable to cooperatives and their patrons.  (b) "Gross income" and "deductions from gross income" have the same meanings herein as in federal law pertaining to cooperatives and their patrons.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.526 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.526. Shipowners' protection and indemnity associations

RS 287.526 - Shipowners' protection and indemnity associations  There shall not be included in gross income the receipts of shipowners' mutual protection and indemnity associations which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder; but such corporations shall be subject to the tax imposed by this Part on their Louisiana taxable income from interest, dividends, and rents earned within or derived from sources within this state, for a taxable year, the same as any nonexempt corporation.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.527 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.527. Political organizations

RS 287.527 - Political organizations  A. A political organization as defined under federal law shall be subject to taxation under this Part as provided in this Section.  B. A political organization shall be taxed under this Part on its Louisiana taxable income.  C. For purposes of this Section:  (1) "Net income" means political organization taxable income determined in accordance with federal law applicable to political organizations.  (2) "Gross income" and "deductions from gross income" have the same meaning herein as in federal law pertaining to political organizations. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.528 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.528. Homeowners' associations

RS 287.528 - Homeowners' associations  A. A homeowner's association as defined under federal law shall be subject to taxation under this Part as provided in this Section.  B. A homeowner's association shall be taxed under this Part on its Louisiana taxable income.  C. For purposes of this Section:  (1) "Net income" means a homeowner's association taxable income determined in accordance with federal law applicable to homeowners' associations.  (2) "Gross income" and "deductions from gross income" have the same meaning herein as in federal law pertaining to homeowners' associations.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.601 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.601. Notice or regulations requiring records, statements, and special returns

RS 287.601 - Notice or regulations requiring records, statements, and special returns  Every person liable for any tax imposed by this Part, or for the collection thereof, shall keep such records, render such statements, make such returns, and comply with such rules and regulations as the secretary may from time to time prescribe. Whenever in the judgment of the secretary it is necessary, he may require any person, by notice served upon such person or by regulations, to make such returns, render such statements, or keep such records as the secretary deems sufficient to show whether or not such person is liable for tax under this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.611 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.611. General requirement of return, statement, or list

RS 287.611 - General requirement of return, statement, or list  Any person made liable for the tax imposed by this Part shall make a return or statement according to the forms and regulations prescribed by the secretary. Every person required to make a return or statement shall include therein the information required by such forms or regulations.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.612 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.612. Corporation returns

RS 287.612 - Corporation returns  Every corporation subject to taxation under this Part shall make a return stating specifically the items of its gross income and the deductions and credits allowed under this Part. The return shall be verified or shall contain a written declaration by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or any other officer duly authorized so to act that it is made under the penalties imposed for false swearing. In cases where receivers, trustees in bankruptcy, or assignees are operating the property or business of corporations, such receivers, trustees, or assignees shall make returns for such corporations in the same manner and form as corporations are required to make returns. Any tax due on the basis of such returns made by receivers, trustees, or assignees shall be collected in the same manner as if collected from the corporations of whose business or property they have custody and control.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.613 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.613. Alternative forms and instructions

RS 287.613 - Alternative forms and instructions  In addition to the returns authorized and required in this Part the secretary is authorized to prescribe such alternative forms and instructions as he deems practicable for the purpose of simplifying compliance. Such forms and instructions may contain arithmetical short-cuts and abbreviated formulae which do not precisely track the computational scheme of this Part, provided that the use of such forms remains optional.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.621 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.621. Failure to file; penalty

RS 287.621 - Failure to file; penalty  The intentional failure to file a return with the secretary in accordance with the requirements of this Part and within the time periods specified in R.S. 47:287.614 shall be punished by a fine of not more than five hundred dollars or by imprisonment for not more than six months, unless approval for a delay in filing is authorized by the secretary of the Department of Revenue in writing and in addition the penalties set forth in R.S. 47:1602 shall be invoked. The penalties provided for in this Section shall not be applicable if said return is filed within ninety days of the final date for filing as provided in R.S. 47:287.614. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1997, No. 658, §2.
LA Rev Stat § 47:287.623 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.623. Period covered by returns or other documents

RS 287.623 - Period covered by returns or other documents  When not otherwise provided for by this Part, the secretary may prescribe the period for which, or the date as of which, any return, statement, or other document required by this Part shall be made.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.625 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.625. Computations on returns or other documents

RS 287.625 - Computations on returns or other documents  A. Amounts shown on Department of Revenue forms. The secretary is authorized to provide, with respect to any amount required to be shown on a form prescribed for any return, statement, or other document, that if such amount of such item is other than a whole-dollar amount, either:  (1) The fractional part of a dollar shall be disregarded; or  (2) The fractional part of a dollar shall be disregarded unless it amounts to one-half dollar or more, in which case the amount, determined without regard to the fractional part of a dollar, shall be increased by one dollar. B. Election not to use whole dollar amounts. Any person making a return, statement, or other document shall be allowed to make such return, statement, or other document without regard to Subsection A. C. Inapplicability to computation of amount. The provisions of Subsections A and B shall not be applicable to items which must be taken into account in making the computations necessary to determine the amount required to be shown on a form, but shall be applicable only to such final amount. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1997, No. 658, §2.
LA Rev Stat § 47:287.627 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.627. Identifying number; information

RS 287.627 - Identifying number; information  A. Inclusion of identifying numbers in returns. Any corporation required under the authority of this Part to make a return, statement, or other document shall include in such return, statement, or other document such identifying number as may be prescribed for securing proper identification of such corporation.  B. Requirement of information. For purposes of this Section, the secretary is authorized to require such information as may be necessary to assign an identifying number to any corporation.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.641 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.641. Due date of tax

RS 287.641 - Due date of tax  The tax imposed by this Part shall be due in each case on the day next following the last day of each taxable year. The filing of returns and payment of taxes shall be as provided in this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.651 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.651. Payment of tax

RS 287.651 - Payment of tax  A. Time of payment.  (1) The total amount of tax on a calendar year return imposed by this Part shall be paid on the fifteenth day of May following the close of the calendar year, or, if a calendar year return is filed before said due date, then the tax shall be paid when the return is filed; and, if the return is on the basis of a fiscal year, then the total amount of tax shall be paid on the fifteenth day of the fifth month following the close of the fiscal year, or, if a fiscal year return is filed before said due date, then the tax shall be paid when the return is filed.  (2) Notwithstanding the provisions of Paragraph (1) of this Subsection, the total amount of tax imposed by this Part on organizations described in I.R.C. Section 501 on a calendar year return shall be paid on the fifteenth day of June following the close of the calendar year, or, if a calendar year return is filed before said due date, then the tax shall be paid when the return is filed; and, if the return is on the basis of a fiscal year, then the total amount of tax shall be paid on the fifteenth day of the sixth month following the close of the fiscal year, or, if a fiscal year return is filed before said due date, then the tax shall be paid when the return is filed.  (3) The full amount of tax disclosed by the return as filed shall constitute an assessment at that time and shall be recorded as an assessment in the records of the secretary.  B. Voluntary advance payment. A tax imposed by this Part or any installment thereof may be paid at the election of the taxpayer prior to the date prescribed for its payment.  C. Receipts. The secretary, upon any payment of any tax imposed by this Part, shall upon request give to the person making such payment a full written or printed receipt therefor.  D. Form of payment. All payments of taxes under this Part shall be made payable to the secretary of revenue; and the amount may be paid by check, bank draft, post office money order, express money order, electronic funds transfer, or credit or debit cards.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2001, No. 1032, §15; Acts 2010, No. 214, §1; Acts 2016, No. 661, §1, eff. June 17, 2016.  NOTE: See Acts 2016, No. 661, §3, regarding applicability.