Louisiana Revised Statutes 11:1331 – Exemption from state income taxes; garnishment
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Terms Used In Louisiana Revised Statutes 11:1331
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
All retirement income payable to retirees and their beneficiaries shall be exempt from state income taxes. All retirement benefits payable to retirees shall be subject to garnishment or court-ordered assignment only as provided for in La. Rev. Stat. 11:292.
Added by Acts 1972, No. 243, §2; Acts 1986, No. 767, §6; Redesignated from La. Rev. Stat. 40:1442.1 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2007, No. 333, §1, eff. July 1, 2007.