{
  "urn": "urn:us-la:rs:47:153",
  "title_number": "47",
  "section_number": "153",
  "citation": "R.S. 47:153",
  "heading": "Unadjusted basis; property converted from personal use",
  "text": "In the case of property converted from personal use to business use or to use for profit, the basis shall be the lower of:\n\n(1) the fair market value of such property at the time of the conversion; or\n\n(2) the basis as otherwise determined under R.S. 47:140.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "47",
      "name": "REVENUE AND TAXATION"
    },
    {
      "level": "subtitle",
      "number": "II",
      "name": "PROVISIONS RELATING TO TAXES COLLECTED AND ADMINISTERED BY THE COLLECTOR OF REVENUE"
    },
    {
      "level": "chapter",
      "number": "1",
      "name": "INCOME TAX"
    },
    {
      "level": "part",
      "number": "II",
      "name": "SUPPLEMENTAL PROVISIONS"
    },
    {
      "level": "subpart",
      "number": "B",
      "name": "COMPUTATION OF NET INCOME"
    }
  ],
  "breadcrumb": "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart B",
  "acts_citations": [
    {
      "act_year": 1958,
      "act_number": 242,
      "section": 9,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Amended by Acts 1958, No. 242, §9.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=101245",
  "website_law_id": 101245,
  "scrape_timestamp": "2026-05-22T23:36:34Z",
  "source_html_hash": "sha256:67de563b95f09c525779722fdfc18ef255a89f42765e5a1ac762bd8eb49938e0",
  "schema_version": "1.0.0"
}