Louisiana § RS 47:247 - Allowance of deductions and credits

Full text of Louisiana Louisiana Civil Code § RS 47:247 — Allowance of deductions and credits, with citation guidance and answers to common questions.

§ RS 47:247. Allowance of deductions and credits

A corporation shall receive the benefit of the deductions and credits allowed to it in this Chapter only by filing or causing to be filed with the collector a true and accurate return of its total income received from all sources in the United States, in the manner prescribed in this Chapter, including therein all the information which the collector may deem necessary for the calculation of such deductions and credits.  

Amended by Acts 1968, No. 106, §9.  

Source: official Louisiana text · Last verified 2026-08-27

Related Louisiana Legal Topics

Frequently Asked Questions About Louisiana § RS 47:247

What does Louisiana Civil Code § RS 47:247 cover?

Section RS 47:247 ("Allowance of deductions and credits") 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 47:247?

A common citation format is "Louisiana Civil Code § RS 47:247" (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 47:247 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.