La. Revenue and Taxation § 47:157
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671
The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in R.S. 47:139 for the purpose of determining the gain upon the sale or other disposition of such property.
La. Revenue and Taxation § 47:157