{
  "urn": "urn:us-la:rs:47:214",
  "title_number": "47",
  "section_number": "214",
  "citation": "R.S. 47:214",
  "heading": "Basis of distributee partner's interest",
  "text": "In the case of a distribution by a partnership to a partner other than in liquidation of a partner's interest, the adjusted basis to such partner of his interest in the partnership shall be reduced (but not below zero) by:\n\n(1) the amount of any money distributed to such partner, and\n\n(2) the amount of the basis to such partner of distributed property other than money, as determined under R.S. 47:213.",
  "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": "D",
      "name": "PARTNERSHIPS"
    }
  ],
  "breadcrumb": "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart D",
  "acts_citations": [
    {
      "act_year": 1958,
      "act_number": 441,
      "section": 2,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Added by Acts 1958, No. 441, §2.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=101508",
  "website_law_id": 101508,
  "scrape_timestamp": "2026-05-22T23:36:34Z",
  "source_html_hash": "sha256:344066af3fd17e207d39ff1ca3f48898b6b71a6b4aed518b6c560179e4f393dc",
  "schema_version": "1.0.0"
}