Statutes, codes, and regulations
Louisiana Revised Statutes
REVISED STATUTESTitle 47 - Revenue and TaxationSubtitle II - PROVISIONS RELATING TO TAXES COLLECTED AND ADMINISTERED BY THE COLLECTOR OF REVENUEChapter 1 - INCOME TAXPart II - SUPPLEMENTAL PROVISIONS
Subpart B - COMPUTATION OF NET INCOME
Section 47:144 - Unadjusted basis; gift or transfer in trust before January 1, 1934

La. Revenue and Taxation § 47:144

Download
PDF
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671
Section 47:144 - Unadjusted basis; gift or transfer in trust before January 1, 1934

If the property was acquired by gift or transfer in trust on or before January 1, 1934, the basis shall be the fair market value of such property at the time of such acquisition.

La. Revenue and Taxation § 47:144