Louisiana § RS 47:297.26 - Tax deduction; hardship distributions from retirement accounts
Full text of Louisiana Louisiana Civil Code § RS 47:297.26 — Tax deduction; hardship distributions from retirement accounts, with citation guidance and answers to common questions.
§ RS 47:297.26. Tax deduction; hardship distributions from retirement accounts
A. There shall be allowed a deduction from tax table income for amounts that a qualifying resident taxpayer receives in a taxable year through hardship distributions from one or more retirement accounts.
B. For purposes of this Section, the following terms shall have the meanings ascribed to them in this Subsection:
(1) "Hardship distribution" means a withdrawal from a retirement plan participant's elective deferral account made because of an immediate and serious financial need as determined in accordance with the policies of the plan.
(2) "Qualifying taxpayer" means a taxpayer who has been diagnosed with a terminal illness by a licensed physician. In the case of married joint filers, "qualifying taxpayer" shall also mean a taxpayer's spouse who has been diagnosed with a terminal illness by a licensed physician.
(3) "Terminal illness" shall have the meaning ascribed in R.S. 40:1169.3.
Acts 2025, No. 251, §1, eff. Jan. 1, 2026.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:297.26
What does Louisiana Civil Code § RS 47:297.26 cover?
Section RS 47:297.26 ("Tax deduction; hardship distributions from retirement accounts") 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 47:297.26?
A common citation format is "Louisiana Civil Code § RS 47:297.26" (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 47:297.26 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.