Louisiana § RS 47:201 - Partnership informational return of income required; limitations on partner tax liability
Full text of Louisiana Louisiana Civil Code § RS 47:201 — Partnership informational return of income required; limitations on partner tax liability, with citation guidance and answers to common questions.
§ RS 47:201. Partnership informational return of income required; limitations on partner tax liability
A. Except as otherwise provided in R.S. 47:201.2, a partnership shall not be subject to the income tax imposed by this Chapter, but a partnership shall be required to file an annual informational partnership return of income in accordance with R.S. 47:103(A)(2).
B. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.
Amended by Acts 1958, No. 441, §1; Acts 1975, No. 459, §1; Acts 2021, No. 287, §1, eff. June 14, 2021.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:201
What does Louisiana Civil Code § RS 47:201 cover?
Section RS 47:201 ("Partnership informational return of income required; limitations on partner tax liability") 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 47:201?
A common citation format is "Louisiana Civil Code § RS 47:201" (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 47:201 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.