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Rs 47:287.83 Taxes Not Deductible

§287.83. Taxes not deductible

A. In computing Louisiana taxable income, no federal income tax deduction shall

be allowed on net income upon which no Louisiana income tax has been incurred, or upon

which, for any reason whatsoever, no Louisiana income tax will be paid. For purposes of

this Section, the federal income tax deduction may be recomputed and reduced to reflect the

application of a net operating loss adjustment. Any such reduction shall be taken into

account as prescribed by the secretary.

B. The alternative minimum tax is a federal income tax deductible to the extent that

it is applicable to regular federal taxable income. Any alternative minimum tax paid on tax

preference items is not deductible. The deductible portion of the alternative minimum tax

shall be determined as prescribed by the secretary.

Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.

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Local Government
Louisiana
3
8
0
John Bel Edwards
John Bel Edwards
January 11, 2016 -
Democratic
1-225-342-4404
900 North 3rd Street, Baton Rouge, LA, 70802

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