La. Admin. Code tit. 61 § I-1175
Current through Register Vol. 50, No. 9, September 20, 2024
Section I-1175 - Definition of Separate Corporation BasisA. Louisiana Revised Statute 47:287.733 provides that corporations that are included with affiliates in a consolidated federal income tax return must file their Louisiana corporation income tax on a separate corporation basis. For Louisiana income tax purposes, filing a return on a separate corporation basis means filing a return as if the affiliate either elects not to be part of the consolidated group or is not included in a federal consolidated return.La. Admin. Code tit. 61, § I-1175
Promulgated by the Department of Revenue, LR 32:260 (February 2006).AUTHORITY NOTE: Promulgated in accordance with R.S. 47:287.733, R.S. 47:287.785, and R.S. 47:1511.