---
urn: urn:us-la:rs:47:264
citation: "R.S. 47:264"
status: active
breadcrumb: "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart G"
acts_citations:
  - { year: 1950, number: 445, section: 2, effective_date: null, role: enactment }
---

# Overpayments arising from allowance of deductions for bad debts or worthless stock

In the case of an overassessment which arises from the allowance of a deduction for a bad debt or worthless stock which has not been claimed and allowed on a return of the taxpayer for another year, the period of limitation prescribed in R.S. 47:1623 shall be extended for an additional period of two years, and the limitation on the amount of credit or refund provided in R.S. 47:1623 shall be suspended.