La. R.S. 47:31 — Individuals, corporations, and trusts subject to tax

There shall be levied, collected, and paid for each taxable year a tax upon the net
income of residents and nonresidents, estates, trusts, and corporations, as hereinafter
provided.
(1) Resident individuals. Every person residing within the state, or the personal
representative in the event of death, shall pay a tax on net income from whatever source
derived, except as hereinafter exempted.
Every natural person domiciled in the state, and every other natural person who
maintains a permanent place of abode within the state or who spends in the aggregate more
than six months of the taxable year within the state, shall be deemed to be a resident of this
state for the purpose of determining liability for income taxes under this Chapter.
(2) Nonresident individuals. Every nonresident shall pay a tax upon such net income
as is derived from property located, or from services rendered, or from business transacted
within the state, or from sources within the state, except as hereinafter exempted.
(3) Corporations. Corporations shall be taxed on net income from sources within the
state, as hereinafter set out.
(4) Domestic real estate investment trusts. Trusts shall be taxed on net income from
whatever source derived, except as otherwise exempted.
(5) Foreign real estate investment trusts. Foreign real estate investment trusts shall
be taxed on net income from sources within the state, as hereinafter set out.
(6) For state income tax purposes, capital construction funds, created in accordance
with 46 U.S.C. App. 1177 and 26 U.S.C. 7518, and all related items of income, gain,
deduction, loss, credit, adjustment, and basis shall be taxed in the same manner as those
items are taxed pursuant to 26 U.S.C. 7518 and applicable federal regulations.
Amended by Acts 1962, No. 315, §1; Acts 1968, No. 106, §1; Acts 2025, No. 498,
§5, eff. Jan 1, 2026.