reglab/housing_qa huggingface dataset:
LA Rev Stat § 47:137 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§137. Recognition of gain or loss; certain liquidations; sales or exchanges of qualified conservation property

RS 137 - Recognition of gain or loss; certain liquidations; sales or exchanges of qualified conservation property  A. General rule. If, within the twelve-month period beginning on the date on which a corporation adopts a plan of complete liquidation, all of the assets of the corporation are distributed in complete liquidation, less assets retained to meet claims, then no gain or loss shall be recognized to such corporation from the sale or exchange by it of qualified conservation property within such twelve-month period. B. Qualified conservation property defined. For the purposes of this Section, the term "qualified conservation property" shall mean and include immovable or real property, or any interest therein, of a corporation that is sold or transferred in an exchange to the state of Louisiana for wildlife, scenic, recreation, or conservation purposes. C. Effect on shareholders. (1) Situs of stock cancelled or redeemed in liquidation. A pro rata portion of each shareholder's stock cancelled or redeemed in a liquidation described in Subsection A shall, for purposes of determining taxable gain under this Chapter, be deemed to have its taxable situs in this state based on the ratio of the total net proceeds of all sales or exchanges of qualified conservation property in which no gain or loss is recognized to the liquidating corporation by reason of Subsection A to the total amount of corporate liquidating distributions of such corporation. (2) Withholding of tax. The liquidating corporation shall pay unto the secretary of the Department of Revenue prior to its final liquidation an amount equal to two and four tenths (2.4%) percent of the net proceeds of all sales or exchanges of qualified conservation property in which no gain or loss is recognized to the liquidating corporation by reason of Subsection A. Said amount paid unto the secretary shall be considered a withholding of tax due by shareholders and attributable to their receipt of liquidation distributions and shall be allowed as a credit to the corporation's shareholders on a pro rata stock ownership basis against Louisiana income taxes due by each shareholder in the taxable year in which the shareholder reports the final corporate liquidation distribution. Added by Acts 1983, No. 422, §1, eff. July 2, 1983. Acts 1997, No. 658, §2. {{NOTE: SEE SCR NO. 178, 1987 R.S. FOR LEGISLATIVE INTENT.}}
LA Rev Stat § 47:139 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§139. Adjusted basis for determining gain or loss

RS 139 - Adjusted basis for determining gain or loss  The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis determined under R.S. 47:140 through 47:155, adjusted as provided in R.S. 47:156.
LA Rev Stat § 47:140 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§140. Unadjusted basis; in general

RS 140 - Unadjusted basis; in general  The basis of property shall be the cost of such property, except as provided otherwise in R.S. 47:141 through 47:155.
LA Rev Stat § 47:141 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§141. Unadjusted basis; inventories

RS 141 - Unadjusted basis; inventories  If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.
LA Rev Stat § 47:142 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§142. Unadjusted basis; gifts after December 31, 1933

RS 142 - Unadjusted basis; gifts after December 31, 1933  If the property was acquired by gift after December 31, 1933, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift, except that for the purpose of determining loss the basis shall be the basis so determined or the fair market value of the property, at the time of the gift, whichever is lower. If the facts necessary to determine the basis in the hands of the donor or the last preceding owner are unknown to the donee, the collector shall, if possible, obtain such facts from such donor or last preceding owner, or any other person cognizant thereof. If the collector finds it impossible to obtain such facts, the basis in the hands of such donor or last preceding owner shall be the fair market value of such property as found by the collector as of the date or approximate date at which, according to the best information that the collector is able to obtain, such property was acquired by such donor or last preceding owner.
LA Rev Stat § 47:143 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§143. Unadjusted basis; transfer in trust after December 31, 1933

RS 143 - Unadjusted basis; transfer in trust after December 31, 1933  If the property be acquired after December 31, 1933, by a transfer in trust (other than by a transfer in trust by a bequest or devise) the basis shall be the same as it would be in the hands of the grantor, increased in the amount of gain or decreased in the amount of loss recognized to the grantor upon such transfer under the law applicable to the year in which the transfer was made.
LA Rev Stat § 47:144 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§144. Unadjusted basis; gift or transfer in trust before January 1, 1934

RS 144 - Unadjusted basis; gift or transfer in trust before January 1, 1934  If the property was acquired by gift or transfer in trust on or before January 1, 1934, the basis shall be the fair market value of such property at the time of such acquisition.
LA Rev Stat § 47:145 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§145. Unadjusted basis; property transmitted at death

RS 145 - Unadjusted basis; property transmitted at death  If the property was acquired by bequest, devise, or inheritance, the basis shall be fair market value of such property at the time of such acquisition. In the case of property transferred in trust to pay the income for life to or upon the order or direction of the grantor, with right reserved to the grantor at all times prior to his death to revoke the trust, the basis of such property in the hands of the persons entitled under the terms of the trust instrument to the property after the grantor's death shall, after such death, be the same as if the instrument had been a will executed on the day of the grantor's death. For the purpose of this Section property passing without full and adequate consideration under a general power of appointment exercised by will shall be deemed to be property passing from the individual exercising such power by bequest or devise.
LA Rev Stat § 47:146 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§146. Unadjusted basis; tax free exchanges generally

RS 146 - Unadjusted basis; tax free exchanges generally A. General rule. The following rules apply to exchanges governed by R.S. 47:133 or 47:134. (1) Nonrecognition property. The basis of the property permitted to be received under such Section without the recognition of gain or loss shall be the same as that of the property exchanged, (a) decreased by, (i) the fair market value of any other property (except money) received by the taxpayer, and (ii) the amount of any money received by the taxpayer, and (b) increased by, (i) the amount which was treated as a dividend, and (ii) the amount of gain to the taxpayer which was recognized on such exchange (not including any portion of such gain which was treated as a dividend). (2) Other property. The basis of any other property (except money) received by the taxpayer shall be its fair market value. B. Allocation of basis. (1) In general. Under regulations prescribed by the collector, the basis determined under Subsection A(1) of this Section shall be allocated among the properties permitted to be received without the recognition of gain or loss. (2) Special rule for R.S. 47:133 H. In the case of an exchange to which R.S. 47:133 H (or so much of R.S. 47:134 as relates to R.S. 47:133 H) applies, then in making the allocation under Subsection A(1) of this Section, there shall be taken into account not only the property so permitted to be received without the recognition of gain or loss, but also the stock or securities (if any) of the distributing corporation which are retained, and the allocation of basis shall be made among all such properties. C. R.S. 47:133 H transactions which are not exchanges. For purposes of this section, a distribution to which R.S. 47:133 H (or so much of R.S. 47:134 as relates to R.S. 47:133 H) applies shall be treated as an exchange, and for such purposes the stock and securities of the distributing corporation which are retained shall be treated as surrendered, and received back, in the exchange. D. Assumption of liability. Where, as part of the consideration to the taxpayer, another party to the exchange assumed a liability of the taxpayer or acquired from the taxpayer property subject to a liability, such assumption or acquisition (in the amount of the liability) shall, for purposes of this Section, be treated as money received by the taxpayer on the exchange. E. Exception. This Section shall not apply to property acquired by a corporation by the issuance of its stock or securities as consideration in whole or in part for the transfer of the property to it. Amended by Acts 1958, No. 443, §6.
LA Rev Stat § 47:147 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§147. Repealed by Acts 1958, No. 443, §1.

RS 147 - Repealed by Acts 1958, No. 443, §1.
LA Rev Stat § 47:148 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§148. Basis to corporations

RS 148 - Basis to corporations  A. Property acquired by issuance of stock or as paid-in surplus. If property was acquired on or after January 1, 1956, by a corporation,  (1) in connection with a transaction to which R.S. 47:133 E (relating to transfer of property to corporation controlled by transferor) applies, or  (2) is paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain recognized to the transferor on such transfer.  B. Transfers to corporations. If property was acquired by a corporation in connection with a reorganization to which this Chapter applies, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain recognized to the transferor on such transfer. This Subsection shall not apply if the property acquired consists of stock or securities in a corporation a party to the reorganization, unless acquired by the issuance of stock or securities of the transferee as the consideration in whole or in part for the transfer.  C. Special rule for certain contributions to capital.  (1) Property other than money. Notwithstanding Subsection A(2) of this Section, if property other than money,  (a) is acquired by a corporation, on or after January 1, 1956, as a contribution to capital, and  (b) is not contributed by a shareholder as such, then the basis of such property shall be zero.  (2) Money. Notwithstanding Subsection A(2) of this Section, if money,  (a) is received by a corporation, on or after January 1, 1956, as a contribution to capital, and  (b) is not contributed by a shareholder as such, then the basis of any property acquired with such money during the 12-month period beginning on the day the contribution is received shall be reduced by the amount of such contribution. The excess (if any) of the amount of such contribution over the amount of the reduction under the preceding sentence shall be applied to the reduction (as of the last day of the period specified in the preceding sentence) of the basis of any other property held by the taxpayer. The particular properties to which the reductions required by this paragraph shall be allocated shall be determined under regulations prescribed by the collector.  Amended by Acts 1958, No. 443, §7.
LA Rev Stat § 47:149 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§149. Unadjusted basis; involuntary conversions

RS 149 - Unadjusted basis; involuntary conversions  If the property was acquired, after December 31, 1933, as the result of a compulsory or involuntary conversion described in R.S. 47:136 the basis shall be the same as in the case of the property so converted, decreased in the amount of any money received by the taxpayer which was not expended in accordance with the provisions of law, applicable to the year in which such conversion was made, determining the taxable status of the gain or loss upon such conversion, and increased in the amount of gain or decreased in the amount of loss to the taxpayer recognized upon such conversion under the law applicable to the year in which such conversion was made.
LA Rev Stat § 47:150 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§150. Unadjusted basis; wash sales of stock

RS 150 - Unadjusted basis; wash sales of stock  If the property consists of stock or securities the acquisition of which, or the contract or option to acquire which resulted in the nondeductibility (under R.S. 47:160 relating to wash sales) of the loss from the sale or other disposition of substantially identical stock or securities, then the basis shall be the basis of stock or securities so sold or disposed of, increased or decreased, as the case may be, by the difference, if any, between the prices at which the property was acquired and the price at which such substantially identical stock or securities were sold or otherwise disposed of.
LA Rev Stat § 47:151 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§151. Unadjusted basis; property acquired during affiliation

RS 151 - Unadjusted basis; property acquired during affiliation  In the case of property acquired by a corporation, during a period of affiliation, from a corporation with which it was affiliated, the basis of such property after such period of affiliation, shall be determined in accordance with regulations prescribed by the collector, without regard to inter-company transactions in respect to which gain or loss was not recognized.  For the purpose of this Section, the term "period of affiliation" means the period during which such corporations were affiliated, determined in accordance with the law applicable thereto, but does not include any taxable year beginning on or after January 1, 1934.
LA Rev Stat § 47:153 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§153. Unadjusted basis; property converted from personal use

RS 153 - Unadjusted basis; property converted from personal use  In the case of property converted from personal use to business use or to use for profit, the basis shall be the lower of:  (1) the fair market value of such property at the time of the conversion; or  (2) the basis as otherwise determined under R.S. 47:140.  Amended by Acts 1958, No. 242, §9.
LA Rev Stat § 47:154 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§154. Repealed by Acts 1958, No. 169, §1.

RS 154 - Repealed by Acts 1958, No. 169, §1.
LA Rev Stat § 47:155 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§155. Unadjusted basis; property acquired before January 1, 1934

RS 155 - Unadjusted basis; property acquired before January 1, 1934  In the case of property acquired before January 1, 1934, if the basis otherwise determined under R.S. 47:140 through 47:154, adjusted as provided in R.S. 47:156, is less than the fair market value of the property as of January 1, 1934, then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation, as of January 1, 1934, due regard shall be given to the fair market value of the assets of the corporation as of that date.
LA Rev Stat § 47:157 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§157. Basis for depreciation

RS 157 - Basis for depreciation  The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in R.S. 47:139 for the purpose of determining the gain upon the sale or other disposition of such property.
LA Rev Stat § 47:160 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§160. Loss from wash sales of stock or securities

RS 160 - Loss from wash sales of stock or securities  A. In the case of any loss claimed to have been sustained from any sale or other disposition of shares of stock or securities where it appears that, within a period beginning thirty days before the date of such sale or disposition and ending thirty days after such date, the taxpayer has acquired (by purchase or by an exchange upon which the entire amount of gain or loss was recognized by law), or has entered into a contract or option so to acquire, substantially identical stock or securities, then no deduction for the loss shall be allowed under R.S. 47:60(2); nor shall such deduction be allowed under R.S. 47:61, unless the claim is made by a corporation, a dealer in stocks or securities, and with respect to transactions made in the ordinary course of its business.  B. If the amount of stock or securities acquired (or covered by the contract or option to acquire) is less than the amount of stock or securities sold or otherwise disposed of, then the particular shares of stock or securities the loss from the sale or other disposition of which is not deductible shall be determined under rules and regulations prescribed by the collector.  C. If the amount of stock or securities acquired (or covered by the contract or option to acquire) is not less than the amount of stock or securities sold or otherwise disposed of, then the particular shares of stock or securities the acquisition of which (or the contract or option to acquire which) resulted in the nondeductibility of the loss, shall be determined under the rules and regulations prescribed by the collector.
LA Rev Stat § 47:161 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§161. Income from sources partly within and partly without the State of Louisiana

RS 161 - Income from sources partly within and partly without the State of Louisiana A. Resident individuals. In the case of a resident individual, items of gross income, expenses, losses, and deductions, from whatever source received or incurred, not otherwise exempted by this Chapter, shall be included in the taxpayer's return and the amount of the tax shall be computed upon the entire income from whatever source derived; provided, that in the case of a taxpayer who, while a resident of another state, sells non-Louisiana property for a payment to be made over a period of years, the portion of such payment received after the taxpayer becomes a resident of this state shall not be included in taxable income. B. Nonresident individuals, and corporations. In the case of a nonresident individual, or a corporation, items of gross income, expenses, losses and deductions, from whatever source received or incurred, not otherwise exempted by this chapter, shall be included in the taxpayer's return; but, for the purpose of this Chapter, the amount of tax shall be computed only upon the net income earned or derived from sources within the state, such net income to be computed as provided in Sub-part F of Part II of this Chapter. C. Railroads incorporated in more than one state. Any railroad corporation incorporated under and by virtue of the laws of more than one state shall be taxed under this Chapter in the same manner as a foreign corporation. Amended by Acts 1960, No. 435, §1; Acts 1968, No. 106, §5.
LA Rev Stat § 47:162 (2021)
2021 Louisiana Laws|Revised Statutes|Title 47 - Revenue and Taxation|§162. Fiduciary returns

RS 162 - Fiduciary returns  A. Every fiduciary (except a receiver appointed by authority of law in possession of part only of the property of an individual) shall make a return for any of the following individuals, estates, or trusts for which he acts, stating specifically the items of gross income thereof and the deductions and credits allowed under this Chapter.  (1) Every individual having a net income for the taxable year of two thousand, five hundred dollars ($2,500.00) or over.  (2) Every individual having a gross income for the taxable year of six thousand dollars ($6,000.00) or over, regardless of the amount of his net income;  (3) Every estate or trust the net income of which for the taxable year is two thousand, five hundred dollars ($2,500.00) or over;  (4) Every estate or trust the gross income of which for the taxable year is six thousand dollars ($6,000.00) or over, regardless of the amount of the net income; and  (5) Every estate or trust of which any beneficiary is a nonresident of the state.  B. Under such regulations as the collector may prescribe a return made by one of two or more fiduciaries may be filed with the collector at Baton Rouge, Louisiana, and shall be sufficient compliance with the above requirement. Such fiduciary shall declare that he has sufficient knowledge of the affairs of the individual, estate, or trust for which the return is made, to enable him to make the return, and that the return is to the best of his knowledge and belief, true and correct.  C. Any fiduciary required to make a return under this Chapter shall be subject to all the provisions of law which apply to individuals.  Amended by Acts 1952, No. 120, §1; Acts 1958, No. 442, §2.