There is a newer version of the Louisiana Laws
2011 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:61 — Deductions from gross income; losses by corporations
LA Rev Stat § 47:61 What's This?
§61. Deductions from gross income; losses by corporations
In computing the net income of corporations, deductions shall be allowed for losses sustained during the taxable year and not compensated for by insurance or otherwise. The basis for determining the amount of deduction for such losses shall be the adjusted basis provided in R.S. 47:139 for determining the loss from the sale or other disposition of property.
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