2011 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:201 — Partners, not partnership, subject to tax; partnership return of income required
SUBPART D. PARTNERSHIPS
§201. Partners, not partnership, subject to tax; partnership return of income required
A partnership, as such, shall not be subject to the income tax imposed by this Chapter, but those partnerships having any member who is not an individual or who is not a resident of Louisiana shall be required to file a partnership return of income. 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.
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