Louisiana § RS 47:287.521 - Farmers' cooperatives; all cooperatives
Full text of Louisiana Louisiana Civil Code § RS 47:287.521 — Farmers' cooperatives; all cooperatives, with citation guidance and answers to common questions.
§ RS 47:287.521. Farmers' cooperatives; all cooperatives
A. Farmers' cooperatives.
An organization described under federal law as a farmer's cooperative shall be exempt from income taxation under this Part to the extent such organization is exempt from income tax at federal law.
B. All cooperatives.
(1) Any cooperative taxable under federal law shall be taxed under this Part on its Louisiana taxable income.
(2) For purposes of this Subsection:
(a) "Net income" means the taxable income of a cooperative determined in accordance with federal law applicable to cooperatives and their patrons.
(b) "Gross income" and "deductions from gross income" have the same meanings herein as in federal law pertaining to cooperatives and their patrons.
Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:287.521
What does Louisiana Civil Code § RS 47:287.521 cover?
Section RS 47:287.521 ("Farmers' cooperatives; all cooperatives") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 47:287.521?
A common citation format is "Louisiana Civil Code § RS 47:287.521" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 47:287.521 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.