reglab/housing_qa huggingface dataset:
LA Rev Stat § 47:242 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§242. Segregation of items of gross income

RS 242 - Segregation of items of gross income  All items of gross income, not otherwise exempted in this Chapter, shall be segregated into two general classes.  (1) The class of gross income to be designated as "allocable income" shall include only the following:  (a) Rents and royalties from immovable or corporeal movable property.  (b) Profits from sales or exchanges of property (including items such as stocks, bonds, notes, land, machinery, mineral rights) not made in the regular course of business.  (c) Interest income.  (d) Dividends from corporate stock.  (e) Royalties or similar revenue from the use of patents, trade marks, copyrights, secret processes, and other similar intangible rights.  (f) Income from estates, trusts, and partnerships.  (g) Salaries, wages, or other compensation received by a nonresident individual for personal services.  (i) Salaries, wages, or other compensation received by a nonresident individual for personal services rendered during a declared state disaster or emergency as defined in R.S. 47:53.5 shall not be considered an item of gross income to be designated as allocable income.  (ii) Wages, as defined by R.S. 47:111, paid to a nonresident individual that are exempt pursuant to the mobile workforce provisions of R.S. 47:248 shall not be considered an item of gross income to be designated as allocable income.  (h) Income from construction, repair, or other similar services. However, income from construction, repair, or other similar services received by a nonresident corporation for disaster emergency-related work rendered during a declared state disaster or emergency as defined in R.S. 47:53.5 shall not be considered an item of gross income to be designated as allocable income.  (2) The class of income to be designated as "apportionable income" shall include all items of gross income which are not properly includible in allocable income as defined in this Section.  (a) Salaries, wages, or other compensation received by a nonresident individual for personal services rendered during a declared state disaster or emergency and income from construction, repair, or other similar services received by a nonresident corporation for disaster or emergency-related work rendered during a declared state disaster or emergency as defined in R.S. 47:53.5 shall not be considered an item of gross income to be designated as apportionable income.  (b) Wages, as defined by R.S. 47:111, paid to a nonresident individual that are exempt pursuant to the mobile workforce provisions of R.S. 47:248 shall not be considered an item of gross income to be designated as allocable income.  Amended by Acts 1958, No. 170, §1; Acts 2017, No. 358, §1, eff. July 1, 2017; Acts 2021, No. 383, §1, eff. June 16, 2021.
LA Rev Stat § 47:247 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§247. Allowance of deductions and credits

RS 247 - Allowance of deductions and credits  A corporation shall receive the benefit of the deductions and credits allowed to it in this Chapter only by filing or causing to be filed with the collector a true and accurate return of its total income received from all sources in the United States, in the manner prescribed in this Chapter, including therein all the information which the collector may deem necessary for the calculation of such deductions and credits.  Amended by Acts 1968, No. 106, §9.
LA Rev Stat § 47:248 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§248. Exemption for certain nonresident individuals; mobile workforce

RS 248 - Exemption for certain nonresident individuals; mobile workforce  A. Definitions. As used in this Section:  (1) "Professional athlete" means an athlete who performs services in a professional athletic event for compensation and includes active players and players on the disabled list if required to travel with the team.  (2) "Professional entertainer" means a person who performs services in the professional performing arts for compensation on a per-event basis.  (3) "Public figure" means a person of prominence who performs services at discrete events, such as speeches, public appearances, or similar events, for compensation on a per-event basis.  (4) "Qualified production employee" means a person who performs services of any nature directly relating to a state-certified production for compensation, provided that the compensation paid to the person is a qualified production expenditure pursuant to the motion picture production tax credit provided for in R.S. 47:6007, and that the compensation is subject to withholding as a condition to treating the compensation as a qualified production expenditure.  (5) "Staff member of a professional athletic team" means any person required to travel with and perform services on behalf of a professional athletic team, including but not limited to coaches, managers, and trainers.  (6) "Time and attendance system" means a system through which an employee is required, on a contemporaneous basis, to record the employee's work location for every day worked outside the state where the employee's employment duties are primarily performed and that is designed to allow the employer to allocate the employee's compensation for income tax purposes among all states in which the employee performs employment duties for the employer.  B.(1) Beginning January 1, 2022, wages, as defined by R.S. 47:111, paid to a nonresident individual are exempt from the tax levied under R.S. 47:290 if all of the following conditions apply:  (a) The compensation is paid for employment duties performed by the individual in this state for twenty-five or fewer days in the calendar year.  (b) The individual performed employment duties in more than one state during the calendar year.  (c) The wages are not paid for employment duties performed by the individual in the individual's capacity as a professional athlete, staff member of a professional athletic team, professional entertainer, public figure, or qualified production employee.  (d) The individual's income is exempt from taxation by this state under the United States Constitution or federal statute or the nonresident individual's state of residence either provides a substantially similar exemption or does not impose an individual income tax.  (2) The exemption provided in this Subsection shall not apply if the nonresident individual has any other income derived from sources within this state for the taxable year.  Acts 2021, No. 383, §1, eff. June 16, 2021.
LA Rev Stat § 47:249 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§249. Repealed by Acts 1968, No. 106, §10

RS 249 - Repealed by Acts 1968, No. 106, §10
LA Rev Stat § 47:261 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§261. Refunds and credits; general rules

RS 261 - Refunds and credits; general rules  Except as otherwise provided in this Sub-part, all matters relating to the refunding or crediting of income taxes shall be governed by the provisions of Chapter 18, Part V of this Sub-title.* *R.S. 47:1621 to 47:1627.
LA Rev Stat § 47:262 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§262. Overpayment of installment

RS 262 - Overpayment of installment  If the taxpayer has paid as an installment of tax more than the amount determined to be the correct amount of such installment, the overpayment shall be credited against the unpaid installments, if any, and any excess shall be credited or refunded as provided in Chapter 18, Part V of this Sub-title.* *R.S. 47:1621 to 47:1627.
LA Rev Stat § 47:263 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§263. Overpayment arising from renegotiation of war contract

RS 263 - Overpayment arising from renegotiation of war contract  Whenever the computation for any taxable year ending on or after September 1, 1940, of any tax imposed by this Chapter, includes profits, gains or income from a contract or contracts with the United States or any department, agency or instrumentality thereof or from any subcontract or subcontracts thereunder, and after the filing of the return or payment of the tax such profit, gain or income should be redetermined by renegotiation or repricing pursuant to the laws of the United States, upon the showing thereof by the taxpayer by the filing of a claim, the tax for said taxable year shall be recomputed on the basis of such redetermined profit, gain or income, and a credit or refund shall be allowed for any overpayment thereby appearing without regard to whether the settlement in the renegotiation or repricing proceedings was voluntary or involuntary. The period of limitation for claims for refund or credit under this Section shall be the period of limitation provided in R.S. 47:1623 or one year from the date of the final determination in the renegotiation or repricing proceedings, whichever of such periods expires the later; provided that the applicable period may be extended by an agreement in writing between the taxpayer and the collector.
LA Rev Stat § 47:264 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§264. Overpayments arising from allowance of deductions for bad debts or worthless stock

RS 264 - Overpayments arising from allowance of deductions for bad debts or worthless stock  In the case of an overassessment which arises from the allowance of a deduction for a bad debt or worthless stock which has not been claimed and allowed on a return of the taxpayer for another year, the period of limitation prescribed in R.S. 47:1623 shall be extended for an additional period of two years, and the limitation on the amount of credit or refund provided in R.S. 47:1623 shall be suspended.  Added by Acts 1950, No. 445, §2.
LA Rev Stat § 47:265 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§265. Credits arising from refunds by utilities

RS 265 - Credits arising from refunds by utilities  Whenever a utility refunds to its customers, pursuant to an order of a court or regulatory agency as a result of the denial of a proposed rate increase, an amount or amounts which, if taken as a deduction from gross income in the year paid or accrued, would result in a net loss, then in lieu of such deduction the utility may elect to take a credit against its Louisiana income tax in the amount of seventy-two percent of the income tax increase which was the sole result of the inclusion of the amount or amounts refunded in gross income in the year or years received irrespective of whether or not the period of limitation provided in R.S. 47:1623 has expired for the year in which the amount refunded was included in gross income. If this credit exceeds the income tax that would be due the state of Louisiana in the year of the refund, computed without the credit, then the excess of this credit may be carried over the following two taxable years.  Added by Acts 1960, No. 210, §1; Acts 2015, No. 125, §2, eff. July 1, 2015; Acts 2016, 1st Ex. Sess., No. 29, §2; Acts 2017, No. 400, §§1, 4, eff. June 26, 2017.
LA Rev Stat § 47:281 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§281. Administration; general

RS 281 - Administration; general  Except as specifically provided to the contrary in this Chapter, all matters pertaining to the administration of this Chapter shall be governed by the provisions of Chapter 18 of this Sub-title.* *R.S. 47:1501 et seq.
LA Rev Stat § 47:282 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§282. Collection from transferee or fiduciary; procedure

RS 282 - Collection from transferee or fiduciary; procedure  The liability, at law or in equity, of a transferee of property of a taxpayer, in respect of the tax (including interest, additional amounts, and additions to the tax provided by law) imposed upon the taxpayer by this Chapter, or the liability, at law or in equity, of a fiduciary in respect of a payment of any such tax from the estate of the taxpayer, shall be assessed, collected, and paid in the same manner and subject to the same provisions and limitations as in the case of the collection directly from the taxpayer. In the absence of notice to the collector under R.S. 47:283B of the existence of a fiduciary relationship, notice of liability enforceable under this Section in respect of a tax imposed by this Chapter, if mailed to the person subject to the liability at his last known address, shall be sufficient for the purpose of this Chapter, even if such person is deceased, or is under legal disability, or in the case of a corporation, has terminated its existence. As used in this Section, the term "transferee" includes heir, legatee, devisee, and distributee.
LA Rev Stat § 47:283 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§283. Notice of fiduciary relationship

RS 283 - Notice of fiduciary relationship  A. Fiduciary of taxpayer. Upon notice to the collector that any person is acting in a fiduciary capacity, such fiduciary shall assume powers, rights, duties, and privileges of the taxpayer in respect of a tax imposed by this Chapter (except as otherwise specifically provided and except that the tax shall be collected from the estate of the taxpayer), until notice is given that the fiduciary capacity has terminated.  B. Fiduciary of transferee. Upon notice to the collector that any person is acting in a fiduciary capacity for a person subject to the liability specified in R.S. 47:282, the fiduciary shall assume, on behalf of such person, the powers, rights, duties, and privileges of such person under such Section, (except that the liability shall be collected from the estate of such person) until notice is given that the fiduciary capacity has terminated.  C. Manner of notice. Notice under Sub-sections A or B of this Section shall be given in accordance with regulations prescribed by the collector.
LA Rev Stat § 47:284 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§284. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.

RS 284 - Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
LA Rev Stat § 47:285 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§285. Disposition of collections

RS 285 - Disposition of collections Except as otherwise provided in R.S. 47:284, all monies collected by the secretary under this Chapter, and all interest and penalties thereon, shall be paid to the state treasurer immediately upon receipt and shall be credited to the state general fund; however, the sum of one million dollars annually shall be credited to the Bond Security and Redemption Fund to be used to retire the bonds authorized by Acts 1969, No. 15. Amended by Acts 1969, No. 124, §2; Acts 1972, Ex.Sess., No. 11, §2; Acts 1997, No. 1126, §1, eff. July 1, 1997.
LA Rev Stat § 47:285.1 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§285.1. Repealed by Acts 1973, Ex.Sess., No. 8, §2.

RS 285.1 - Repealed by Acts 1973, Ex.Sess., No. 8, §2.
LA Rev Stat § 47:287.2 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.2. Short title

RS 287.2 - Short title  This Act shall be known as and may be cited as the "Louisiana Corporation Income Tax Act".  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.3 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.3. §§287.3 - 287.10. (Blank)

RS 287.3 - §§287.3 - 287.10. (Blank)
LA Rev Stat § 47:287.11 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.11. Tax imposed

RS 287.11 - Tax imposed A. There shall be levied, collected, and paid for each taxable year a tax upon the Louisiana taxable income of corporations and other entities taxed as corporations for federal income tax purposes, which entities shall be considered to be corporations for the purposes of this Chapter only, other than insurance companies as hereinafter provided. B. Corporations shall be taxed on their Louisiana taxable income, except as otherwise exempted. C. Taxable years affected. (1) The provisions of this Part shall apply to taxable years beginning after December 31, 1986, including taxable years deemed to have commenced on January 1, 1987, by the provisions of R.S. 47:287.443. (2) Taxable years beginning prior to January 1, 1987, shall not be affected by the provisions of this Part, but shall remain subject to the applicable provisions of R.S. 47:21 et seq. D. Insurance companies shall not be subject to this Part but shall continue to be taxed pursuant to the provisions of R.S. 47:21 and R.S. 47:221 et seq., and as otherwise provided by law. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 1998, No. 42, §1, applicable to taxable periods beginning after December 31,1997.
LA Rev Stat § 47:287.12 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.12. Rates of tax

RS 287.12 - Rates of tax  The tax to be assessed, levied, collected, and paid upon the Louisiana taxable income of every corporation shall be computed at the rate of:  (1) Three and one-half percent upon the first fifty thousand dollars of Louisiana taxable income.  (2) Five and one-half percent on the amount of Louisiana taxable income above fifty thousand dollars but not in excess of one hundred fifty thousand dollars.  (3) Seven and one-half percent on the amount of Louisiana taxable income above one hundred fifty thousand dollars.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2016, 1st Ex. Sess., No. 8, §1; Acts 2021, No. 396, §1, eff. Jan. 1, 2022.
LA Rev Stat § 47:287.34 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.34. Repealed by Acts 2005, No. 268, §2, eff. for credits earned or claimed for income tax years beginning after Dec. 31, 2004, and franchise tax years beginning after Dec. 31, 2005.

RS 287.34 - Repealed by Acts 2005, No. 268, §2, eff. for credits earned or claimed for income tax years beginning after Dec. 31, 2004, and franchise tax years beginning after Dec. 31, 2005.
LA Rev Stat § 47:287.61 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.61. Gross income defined

RS 287.61 - Gross income defined  "Gross income" of a corporation means the same items and the same dollar amount required by federal law to be reported as gross income on the corporation's federal income tax return for the same taxable year, subject to the modifications specified in this Part, whether or not a federal income tax return is actually filed.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.63 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.63. Allowable deductions defined

RS 287.63 - Allowable deductions defined  "Allowable deductions" for a taxable year means the deductions from federal gross income allowed by federal law in the computation of taxable income of a corporation for the same taxable year, subject to the modifications specified in this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.65 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.65. Net income defined

RS 287.65 - Net income defined  "Net income" of a corporation for a taxable year means the taxable income of the corporation computed in accordance with federal law for the same accounting period and under the same method of accounting, including statutorily required accounting adjustments, subject to the modifications specified in this Part.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.67 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.67. Louisiana net income defined

RS 287.67 - Louisiana net income defined  "Louisiana net income" means net income which is earned within or derived from sources within the state of Louisiana.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
LA Rev Stat § 47:287.69 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.69. Louisiana taxable income defined

RS 287.69 - Louisiana taxable income defined  "Louisiana taxable income" means Louisiana net income, after adjustments, less the federal income tax deduction allowed by R.S. 47:287.85. "After adjustments" means after the application of the net operating loss adjustment allowed by R.S. 47:287.86. NOTE: §287.69 eff. on Jan. 1, 2022, upon ratification of the const. amend. proposed by Acts 2021, No. 134. RS 287.69 - Louisiana taxable income defined  "Louisiana taxable income" means Louisiana net income after adjustments. "After adjustments" means after the application of the net operating loss adjustment allowed by R.S. 47:287.86.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2016, 1st Ex. Sess., No. 30, §1; Acts 2021, No. 396, §1, see Act.
LA Rev Stat § 47:287.73 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.73. Modifications to deductions from gross income allowed by federal law

RS 287.73 - Modifications to deductions from gross income allowed by federal law  A. The deductions from federal gross income allowed by federal law shall be modified by the deletions and additions specified herein.  B. Deletions. The following deductions allowed by federal law are declared inoperative and shall not form a part of allowable deductions in the computation of net income:  (1) The net operating loss deduction allowed by I.R.C. Section 172.  (2) Income taxes imposed by this Part.  (3) The dividends received deductions allowed by I.R.C. Sections 243, 244, and 245.  (4) Depletion for oil and gas wells.  (5) Deletions required by the provisions of Subpart F of this Part, where applicable.  C. Additions. The following items are declared allowable as deductions in the computation of net income and shall be added to the deductions allowed under federal law to the extent not already included therein:  (1) Expenses that would otherwise be deductible under federal law but for the provisions of 26 U.S.C. 280E, for a licensee of this state pursuant to Part X-E of Chapter 4 of Title 40 of the Louisiana Revised Statutes of 1950, as amended, related to the production or dispensing of marijuana recommended for therapeutic use by patients clinically diagnosed as suffering from a debilitating medical condition as defined in R.S. 40:1046.  (2) Depletion for oil and gas wells is allowed as a deduction as provided by R.S. 47:287.745.  (3) Intangible drilling and development costs. Intangible drilling and development costs are allowed as a deduction as provided by R.S. 47:287.743.  (4) Expenses disallowed by 26 U.S.C. 280C. Expenses that would otherwise be deductible under federal law but for the disallowance provisions of 26 U.S.C. 280C, relative to certain expenses for which credits are allowable.  (5) Additions required by the provisions of Subpart F of this Part, where applicable.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2005, No. 401, §2, eff. for all taxable periods beginning after Dec. 31, 2005; Acts 2015, No. 123, §1, eff. July 1, 2015; §3, eff. July 1, 2018; Acts 2019, No. 331, §4, eff. July 1, 2019.  NOTE: See Acts 2015, No. 123, §5, re: applicability.  NOTE: See Acts 2018, 2nd E.S., No. 4, §1, re: applicability.
LA Rev Stat § 47:287.75 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§287.75. Computation of net income

RS 287.75 - Computation of net income  The net income of a corporation is computed by subtracting allowable deductions from gross income for a taxable year.  Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.