Louisiana Revised Statutes Tit. 47, § 287.71. Modifications to federal gross income

(1) Repealed by Acts 2005, No. 401, § 2.

(2) Repealed by Acts 2005, No. 401, § 2.

(3) Any gain on the sale of assets not recognized due to the provisions of Section 633(d) of the Tax Reform Act of 1986 which provides a transitional rule for certain small corporations.

(4) Any gain not recognized under I.R.C. Section 1033 resulting from the involuntary conversion of property located in Louisiana not replaced with property located in Louisiana.

(5) Inclusions from Subpart F of this Part, where applicable.

(1) Income which Louisiana is prohibited from taxing by the constitution or laws of the United States.

(2) Funds accrued by a corporation engaged in operating a public transportation system from any federal, state, or municipal governmental entity to subsidize the operation and maintenance of such a transportation system.

(3) Refunds of Louisiana corporation income tax received during the taxable year.

(4) Interest on obligations or securities issued by the state of Louisiana or its political or municipal subdivisions.

(5) Foreign dividend “gross-up”. Any amounts required by I.R.C. Section 78 to be included in gross income.

(7) Exclusions from Subpart F of this Part, where applicable.

(8) Income received by a nonresident business for disaster or emergency-related work rendered during a declared state disaster or emergency, as defined in R.S. 47:53.5.

(9) An amount equal to twenty thousand dollars for any taxpayer subject to the corporation income tax levied pursuant to the provisions of R.S. 47:287.11.