§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.