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Louisiana Revised Statutes — Title 47 (Revenue and Taxation)

La. R.S. 47:161

Income from sources partly within and partly without the State of Louisiana

Official textlegis.la.gov

# A.

Resident individuals. In the case of a resident individual, items of gross income, expenses, losses, and deductions, from whatever source received or incurred, not otherwise exempted by this Chapter, shall be included in the taxpayer's return and the amount of the tax shall be computed upon the entire income from whatever source derived; provided, that in the case of a taxpayer who, while a resident of another state, sells non-Louisiana property for a payment to be made over a period of years, the portion of such payment received after the taxpayer becomes a resident of this state shall not be included in taxable income.

# B.

Nonresident individuals, and corporations. In the case of a nonresident individual, or a corporation, items of gross income, expenses, losses and deductions, from whatever source received or incurred, not otherwise exempted by this chapter, shall be included in the taxpayer's return; but, for the purpose of this Chapter, the amount of tax shall be computed only upon the net income earned or derived from sources within the state, such net income to be computed as provided in Sub-part F of Part II of this Chapter.

# C.

Railroads incorporated in more than one state. Any railroad corporation incorporated under and by virtue of the laws of more than one state shall be taxed under this Chapter in the same manner as a foreign corporation.

Last amended: Amended by Acts 1960, No. 435, §1; Acts 1968, No. 106, §5.

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In this chapter (37 sections)
  1. 47:131 · Determination of amount of, and recognition of, gain or loss
  2. 47:132 · Recognition of gain or loss; general rule
  3. 47:133 · Recognition of gain or loss; exchanges solely in kind
  4. 47:134 · Receipt of additional consideration
  5. 47:135 · Exclusion from income; property received in certain corporate…
  6. 47:136 · Recognition of gain or loss; involuntary conversions
  7. 47:137 · Recognition of gain or loss; certain liquidations; sales or…
  8. 47:138 · Definitions relating to corporate reorganizations
  9. 47:139 · Adjusted basis for determining gain or loss
  10. 47:140 · Unadjusted basis; in general
  11. 47:141 · Unadjusted basis; inventories
  12. 47:142 · Unadjusted basis; gifts after December 31, 1933
  13. 47:143 · Unadjusted basis; transfer in trust after December 31, 1933
  14. 47:144 · Unadjusted basis; gift or transfer in trust before January 1,…
  15. 47:145 · Unadjusted basis; property transmitted at death
  16. 47:146 · Unadjusted basis; tax free exchanges generally
  17. 47:147 · Repealed by Acts 1958, No. 443, §1
  18. 47:148 · Basis to corporations
  19. 47:149 · Unadjusted basis; involuntary conversions
  20. 47:150 · Unadjusted basis; wash sales of stock
  21. 47:151 · Unadjusted basis; property acquired during affiliation
  22. 47:152 · Basis of property received in liquidations
  23. 47:153 · Unadjusted basis; property converted from personal use
  24. 47:154 · Repealed by Acts 1958, No. 169, §1
  25. 47:155 · Unadjusted basis; property acquired before January 1, 1934
  26. 47:156 · Adjustments in basis for determining gain or loss
  27. 47:157 · Basis for depreciation
  28. 47:158 · Basis for depletion
  29. 47:159 · Distributions by corporations
  30. 47:160 · Loss from wash sales of stock or securities
  31. 47:161 · Income from sources partly within and partly without the State…
  32. 47:162 · Fiduciary returns
  33. 47:163 · Closing by collector of taxable year
  34. 47:164 · Information required and withholding of tax at source
  35. 47:165 · Information by corporations
  36. 47:166 · Returns of brokers
  37. 47:167 · Collection of foreign items
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