{
  "urn": "urn:us-la:rs:47:51",
  "title_number": "47",
  "section_number": "51",
  "citation": "R.S. 47:51",
  "heading": "Exclusions from gross income; governmental subsidies",
  "text": "Funds accrued by a corporation engaged in operating a public transportation system from any federal, state or municipal governmental entity to subsidize the operation and maintenance of such a transportation system shall not be included in gross income and shall be exempt from taxation under this Chapter. All expenses of operating the transit system incurred by the corporation shall be deductible in arriving at net income.",
  "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": "I",
      "name": "GENERAL PROVISIONS"
    },
    {
      "level": "subpart",
      "number": "C",
      "name": "COMPUTATION OF NET INCOME"
    }
  ],
  "breadcrumb": "Title 47 › Subtitle II › Chapter 1 › Part I › Subpart C",
  "acts_citations": [
    {
      "act_year": 1979,
      "act_number": 300,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 2015,
      "act_number": 123,
      "section": 1,
      "effective_date": "2015-07-01",
      "effective_date_raw": "July 1, 2015 and §3, eff. July 1, 2018",
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Added by Acts 1979, No. 300, §1; Acts 2015, No. 123, §1, eff. July 1, 2015 and §3, eff. July 1, 2018. NOTE: See Acts 2015, No. 123, §5, re: applicability. NOTE: See Acts 2018, 2 nd E.S., No. 4, §1, re: applicability.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=102307",
  "website_law_id": 102307,
  "scrape_timestamp": "2026-05-22T23:36:33Z",
  "source_html_hash": "sha256:54ee84c40791529d9d05f8b8b2a7f3c9aec99d5cb7e982df2c78813fc63997a9",
  "schema_version": "1.0.0"
}