Louisiana § RS 47:55 - Deductions from gross income; taxes generally
Full text of Louisiana Louisiana Civil Code § RS 47:55 — Deductions from gross income; taxes generally, with citation guidance and answers to common questions.
§ RS 47:55. Deductions from gross income; taxes generally
In computing net income, there shall be allowed as deductions all taxes paid or accrued within the taxable year except:
(1) Taxes imposed by this chapter;
(2) Estate and gift taxes;
(3) Taxes assessed against local benefits of a kind tending to increase the value of the property assessed; but this paragraph shall not exclude the allowance as a deduction of so much of such taxes as is properly allocable to maintenance or interest charges;
(4) Any income taxes paid on net income on which no Louisiana income tax has been paid, and, on which, for any reason whatsoever, no Louisiana income tax will be paid, except income taxes attributable to a difference between credits against net income allowed by R.S. 47:79 and like credits against net income allowed in the law under which such income taxes are paid; and
(5) Repealed by Acts 2021, No. 396, §2, eff. Jan. 1, 2022.
Amended by Acts 1970, No. 258, §1; Acts 1974 No. 188, §1; Acts 2010, No. 175, §5; Acts 2016, 1st Ex. Sess., No. 30, §1; Acts 2021, No. 396, §2, eff. Jan. 1, 2022.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:55
What does Louisiana Civil Code § RS 47:55 cover?
Section RS 47:55 ("Deductions from gross income; taxes generally") 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 47:55?
A common citation format is "Louisiana Civil Code § RS 47:55" (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 47:55 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.