---
urn: urn:us-la:rs:47:45
citation: "R.S. 47:45"
status: active
breadcrumb: "Title 47 › Subtitle II › Chapter 1 › Part I › Subpart C"
acts_citations:
---

# Exclusion from gross income; gifts and inheritances

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.