Title 47, Revenue and Taxation
0 chapters · 2,663 sections in this title.
La. Rev. Stat. § 47:287.86 Net operating loss deduction
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§287.86. Net operating loss deduction A. Deduction from Louisiana net income. Except as otherwise provided, for all claims for this deduction on any return filed on or after July 1, 2015, regardless of the taxable year to which the return relates, there shall be allowed for the t…
La. Rev. Stat. § 47:287.91 Determination of Louisiana net income or loss
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§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 resu…
La. Rev. Stat. § 47:287.92 Segregation of items of gross income
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§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 in…
La. Rev. Stat. § 47:287.93 Computation of net allocable income from Louisiana sources
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§287.93. Computation of net allocable income from Louisiana sources A. Allocation of items of gross allocable income. Items of gross allocable income or loss shall be allocated directly to the states within which such items of income are earned or derived, as follows: (1) Rents a…
La. Rev. Stat. § 47:287.94 Computation of net apportionable income from Louisiana sources
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§287.94. Computation of net apportionable income from Louisiana sources A. Total net apportionable income. Total net apportionable income or loss is computed by subtracting the following from gross apportionable income: (1) All expenses, losses, and other deductions defined in R.…
La. Rev. Stat. § 47:287.95 Determination of Louisiana apportionment percent
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§287.95. Determination of Louisiana apportionment percent A. Air transportation. (1) Except as provided for in Paragraph (2) of this Subsection, the Louisiana apportionment percent of any taxpayer whose net apportionable income is derived primarily from the business of transporta…
La. Rev. Stat. § 47:290 Purpose
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§290. Purpose A. This Part is intended to conform the Louisiana individual income tax law with the United States Internal Revenue Code, except as otherwise expressly provided, in order to simplify the taxpayer's filing of returns, reduce the taxpayer's accounting burden, and faci…
La. Rev. Stat. § 47:291 Application of Part
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§291. Application of Part The provisions of this Part shall apply only to individual taxpayers. This Part is not applicable to estates or trusts. Acts 1980, No. 316, §1.
La. Rev. Stat. § 47:292 Inconsistent provisions
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§292. Inconsistent provisions The provisions of this Part shall supersede the provisions of Part I and Part II of this Chapter to the extent that they are inconsistent or in conflict herewith. The provisions of Part I and Part II of this Chapter shall remain in effect to the exte…
La. Rev. Stat. § 47:292.1 Special authority for the secretary with respect to military service in the Persian Gulf area
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§292.1. Special authority for the secretary with respect to military service in the Persian Gulf area Notwithstanding any provisions of law to the contrary, the secretary shall grant certain relief to military personnel for service in the Persian Gulf area or associated with Oper…
La. Rev. Stat. § 47:292.2 Special grant of authority for the secretary with respect to military service in Bosnia
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§292.2. Special grant of authority for the secretary with respect to military service in Bosnia Notwithstanding any provision of law to the contrary, the secretary shall grant relief to military personnel for service in Bosnia to the full extent of such relief granted by federal …
La. Rev. Stat. § 47:292.3 Special authority for the secretary with respect to certain military
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§292.3. Special authority for the secretary with respect to certain military service in the uniformed services Notwithstanding any other provision of law to the contrary, the secretary may grant certain relief to persons in the uniformed services for service in the uniformed serv…
La. Rev. Stat. § 47:293 Definitions
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§293. Definitions The following definitions shall apply throughout this Part, unless the context requires otherwise: (1) "Adjusted gross income" means, for any taxable year and for any individual, the adjusted gross income of the individual for the taxable year that is reportable…
La. Rev. Stat. § 47:293.1 Deduction for federal income tax for Hurricane Ida
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§293.1. Deduction for federal income tax for Hurricane Ida For taxable periods beginning on January 1, 2020, through December 31, 2021, federal income tax liability shall be increased by the amount by which an individual's federal income tax due to the United States for the taxab…
La. Rev. Stat. § 47:293.2 Repealed by Acts 2024, 3rd Ex
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§293.2. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:294 Standard deduction
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§294. Standard deduction A. A standard deduction shall be allowed in determining a taxpayer's tax liability pursuant to this Part. Taxpayers are required to use the same filing status on their return required to be filed under this Part as they used on their federal income tax re…
La. Rev. Stat. § 47:295 Tax imposed on individuals; administration
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§295. Tax imposed on individuals; administration A. There is imposed an income tax for each taxable year upon the Louisiana income of every individual, whether resident or nonresident. The amount of the tax shall be determined in accordance with the provisions of R.S. 47:32. B. T…
La. Rev. Stat. § 47:296 Repealed by Acts 2002, No
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§296. Repealed by Acts 2002, No. 51, §2, eff. Jan. 1, 2003.
La. Rev. Stat. § 47:296.1 1 Repealed by Acts 2025, No
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§296.1 Repealed by Acts 2025, No. 498, §6, eff. July 4, 2025.
La. Rev. Stat. § 47:296.2 Suspension and denial of renewal of drivers' licenses
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§296.2. Suspension and denial of renewal of drivers' licenses A. A suspension of driving privileges shall be imposed and renewal of a driver's license shall be denied if all of the following conditions are met: (1) The Department of Revenue has an assessment or judgment against a…
La. Rev. Stat. § 47:296.3 Suspension, revocation, or denial of hunting and fishing licenses
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§296.3. Suspension, revocation, or denial of hunting and fishing licenses A. Hunting or fishing licenses shall be suspended, revoked, or denied at such time as the Department of Revenue has an assessment or judgment against an individual that has become final and nonappealable, i…
La. Rev. Stat. § 47:297 Repealed by Acts 2024, 3rd Ex
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§297. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:297.1 Tax deduction; medical savings accounts
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§297.1. Tax deduction; medical savings accounts A. There shall be allowed a deduction from tax table income for contributions to a medical savings account as provided in this Section. Contributions to a medical savings account for a taxable year shall not exceed the allowable ded…
La. Rev. Stat. § 47:297.10 Tax deduction; elementary and secondary school tuition
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§297.10. Tax deduction; elementary and secondary school tuition A. There shall be allowed a deduction from tax table income for the sum of amounts paid during the taxable year by a taxpayer for tuition and fees required for a student's enrollment in a nonpublic elementary or seco…
La. Rev. Stat. § 47:297.11 Tax deduction; educational expenses for home-schooled children
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§297.11. Tax deduction; educational expenses for home-schooled children A. There shall be allowed a deduction from tax table income for educational expenses paid during the taxable year by a taxpayer for home-schooling of a child if the child is claimed as a dependent on the taxp…
La. Rev. Stat. § 47:297.12 Tax deduction; fees and other educational expenses for a quality public education
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§297.12. Tax deduction; fees and other educational expenses for a quality public education A. There shall be allowed a deduction from tax table income for amounts paid during a tax year by a taxpayer which are associated with a student's enrollment in a public elementary or secon…
La. Rev. Stat. § 47:297.13 Tax deduction; employment of certain qualified disabled individuals;
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§297.13. Tax deduction; employment of certain qualified disabled individuals; requirements; limitations A.(1) There shall be allowed a deduction from income taxes imposed by this Chapter for each taxpayer who provides continuous employment to a qualified disabled individual withi…
La. Rev. Stat. § 47:297.14 Pass-through entity exclusion
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§297.14. Pass-through entity exclusion A.(1) In computing Louisiana tax table income, an individual shall exclude net income or losses received from an entity of which the individual is a shareholder, partner, or member provided that the entity properly filed a Louisiana corporat…
La. Rev. Stat. § 47:297.15 Tax deduction; educational expenses; COVID-19 pandemic in 2020
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§297.15. Tax deduction; educational expenses; COVID-19 pandemic in 2020 A.(1) There shall be allowed a deduction from tax table income for the sum of amounts paid from March 13, 2020, through December 31, 2020, during the COVID-19 pandemic for expenses for educational coaching se…
La. Rev. Stat. § 47:297.16 Tax exemption; COVID-19 relief benefit
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§297.16. Tax exemption; COVID-19 relief benefit A. A COVID-19 relief benefit shall be exempt from the provisions of this Part if the benefit was included in the taxpayer's federal adjusted gross income. B. "COVID-19 relief benefit" means any gratuitous grant, loan, rebate, tax cr…
La. Rev. Stat. § 47:297.17 Exemption for military survivor benefit plan payments
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§297.17. Exemption for military survivor benefit plan payments Any payments made pursuant to a military survivor benefit plan authorized pursuant to the provisions of 10 U.S.C. 1447 through 1455 to the surviving spouse or other named beneficiary of the plan shall be exempt from s…
La. Rev. Stat. § 47:297.18 Tax exemption; digital nomads; requirements; limitations
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§297.18. Tax exemption; digital nomads; requirements; limitations A. It is the intent of the Louisiana Legislature that the digital nomad tax exemption provided for in this Section be used primarily as an inducement for individuals to locate in Louisiana who will make significant…
La. Rev. Stat. § 47:297.19 Tax credit; stillborn child
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§297.19. Tax credit; stillborn child A. There shall be allowed a credit against the tax imposed by this Chapter for an individual who delivers a stillborn child. In order to qualify for the credit, the individual claiming the tax credit shall be a Louisiana taxpayer. The amount o…
La. Rev. Stat. § 47:297.2 Repealed by Acts 2024, 3rd Ex
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§297.2. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:297.20 Tax deduction; adoption from foster care
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§297.20. Tax deduction; adoption from foster care A.(1) There shall be allowed a deduction from tax table income for a taxpayer who adopts a child who is in foster care, as defined in Children's Code Article 603, or a youth receiving extended foster care services pursuant to the …
La. Rev. Stat. § 47:297.21 Tax deduction; private adoption of certain infants
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§297.21. Tax deduction; private adoption of certain infants A.(1) There shall be allowed a deduction from tax table income for a taxpayer who adopts an infant who is unrelated to the taxpayer and who is less than one year of age through a private agency as defined in Children's C…
La. Rev. Stat. § 47:297.22 Tax credit; pregnancy-related deaths
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§297.22. Tax credit; pregnancy-related deaths A.(1) There shall be allowed a credit against the tax imposed by this Chapter for the reasonable funeral and burial expenses associated with the pregnancy-related death of a person. The estate of the deceased person may claim the cred…
La. Rev. Stat. § 47:297.23 Tax credit; adoption
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§297.23. Tax credit; adoption A.(1) There shall be allowed a refundable credit against the tax imposed by this Chapter for a taxpayer who adopts a child who is unrelated to the taxpayer and who is no more than two years of age. The amount of the credit shall be equal to five thou…
La. Rev. Stat. § 47:297.24 Tax credit; purchases of firearm safety devices
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§297.24. Tax credit; purchases of firearm safety devices A. For purposes of this Section, the following terms have the meanings ascribed to them in this Subsection: (1) "Eligible transaction" means a Louisiana sales transaction in which a taxpayer purchases one or more firearm sa…
La. Rev. Stat. § 47:297.25 Tax deduction; election; bonus depreciation and amortization
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§297.25. Tax deduction; election; bonus depreciation and amortization A. General. For purposes of computing tax table income for taxable years beginning on or after January 1, 2025, there shall be allowed a deduction, at the election of the taxpayer, from federal adjusted gross i…
La. Rev. Stat. § 47:297.26 Tax deduction; hardship distributions from retirement accounts
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§297.26. Tax deduction; hardship distributions from retirement accounts A. There shall be allowed a deduction from tax table income for amounts that a qualifying resident taxpayer receives in a taxable year through hardship distributions from one or more retirement accounts. B. F…
La. Rev. Stat. § 47:297.3 Exclusion from income; S Bank shareholder non-taxable income
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§297.3. Exclusion from income; S Bank shareholder non-taxable income A. For taxable periods beginning after December 31, 2002, an S Bank shareholder may exclude from Louisiana tax table income an amount equal to the S Bank shareholder's non-taxable income as defined in Subsection…
La. Rev. Stat. § 47:297.4 Reduction to tax due; certain child care expenses
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§297.4. Reduction to tax due; certain child care expenses A. There shall be a credit from the tax imposed by this Part for child care expenses for which a resident individual is eligible pursuant to the federal income tax credit provided by Internal Revenue Code Section 21 for th…
La. Rev. Stat. § 47:297.5 Exemption from income; payments received from the Louisiana Military Family Assistance Fund
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§297.5. Exemption from income; payments received from the Louisiana Military Family Assistance Fund Payments or awards made to activated military personnel or family members of activated military personnel under Part III of Chapter 2 of Title 46 of the Louisiana Revised Statutes …
La. Rev. Stat. § 47:297.6 Repealed by Acts 2024, 3rd Ex
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§297.6. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:297.7 Repealed by Acts 2024, 3rd Ex
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§297.7. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:297.8 Earned income tax credit
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§297.8. Earned income tax credit A.(1) Except as provided in Paragraph (2) of this Subsection, there shall be a credit against the tax imposed by this Chapter for individuals in an amount equal to three and one-half percent of the federal earned income tax credit for which the in…
La. Rev. Stat. § 47:297.9 Repealed by Acts 2024, 3rd Ex
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§297.9. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:298 Repealed by Acts 2021, No
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§298. Repealed by Acts 2021, No. 395, §2, eff. Jan. 1, 2022.
La. Rev. Stat. § 47:299 Nonseparability
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§299. Nonseparability It is the intention of the legislature in enacting this Part to recognize the most universally accepted method of determining taxable income and to provide a simple method by which an individual subject to the income tax laws of the state of Louisiana may de…