---
urn: urn:us-la:rs:47:201
citation: "R.S. 47:201"
status: active
breadcrumb: "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart D"
acts_citations:
  - { year: 1958, number: 441, section: 1, effective_date: null, role: enactment }
  - { year: 1975, number: 459, section: 1, effective_date: null, role: amendment }
  - { year: 2021, number: 287, section: 1, effective_date: 2021-06-14, role: amendment }
---

# Partnership informational return of income required; limitations on partner tax liability

A. Except as otherwise provided in R.S. 47:201.2, a partnership shall not be subject to the income tax imposed by this Chapter, but a partnership shall be required to file an annual informational partnership return of income in accordance with R.S. 47:103(A)(2).

B. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.