{
  "urn": "urn:us-la:rs:47:217",
  "title_number": "47",
  "section_number": "217",
  "citation": "R.S. 47:217",
  "heading": "Recognition and character of gain or loss on sale or exchange",
  "text": "In the case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset.",
  "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=101511",
  "website_law_id": 101511,
  "scrape_timestamp": "2026-05-22T23:36:34Z",
  "source_html_hash": "sha256:4bb2a519fa16c57863414c36c9d0e1608fd17d09f1e9b6bad9359938c1d8c7b5",
  "schema_version": "1.0.0"
}