Usufruct
R.S. 47:45

Exclusion from gross income; gifts and inheritances ACTIVE

The value of property acquired by gift, bequest, devise or inheritance shall not be included in gross income and shall be exempt from taxation under this Chapter; but the income from such property shall be included in gross income.

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History

No legislative history recorded.

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Cite R.S. 47:45

Bluebook
La. Rev. Stat. Ann. § 47:45 (2026).
Permalink
https://theusufruct.com/rs/title-47/section-45
BibTeX
@misc{larevstat-47-45,
  title        = {La. Rev. Stat. Ann. § 47:45},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-47/section-45},
  note         = {Snapshot 2026-05-22}
}