Louisiana § RS 47:264 - Overpayments arising from allowance of deductions for bad debts or worthless stock

Full text of Louisiana Louisiana Civil Code § RS 47:264 — Overpayments arising from allowance of deductions for bad debts or worthless stock, with citation guidance and answers to common questions.

§ RS 47:264. Overpayments arising from allowance of deductions for bad debts or worthless stock

In the case of an overassessment which arises from the allowance of a deduction for a bad debt or worthless stock which has not been claimed and allowed on a return of the taxpayer for another year, the period of limitation prescribed in R.S. 47:1623 shall be extended for an additional period of two years, and the limitation on the amount of credit or refund provided in R.S. 47:1623 shall be suspended.  

Added by Acts 1950, No. 445, §2.  

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

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Frequently Asked Questions About Louisiana § RS 47:264

What does Louisiana Civil Code § RS 47:264 cover?

Section RS 47:264 ("Overpayments arising from allowance of deductions for bad debts or worthless stock") 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 47:264?

A common citation format is "Louisiana Civil Code § RS 47:264" (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 47:264 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.