Louisiana Revised Statutes 47:287.77 – Computation of Louisiana net income or loss
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 47:287.77
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Taxable year: includes , in the case of a return made for a fractional part of a year under the provisions of this Chapter or under regulations prescribed by the collector, the period for which return is made. See Louisiana Revised Statutes 47:98
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.