Usufruct
R.S. 47:61

Deductions from gross income; losses by corporations ACTIVE

In computing the net income of corporations, deductions shall be allowed for losses sustained during the taxable year and not compensated for by insurance or otherwise. The basis for determining the amount of deduction for such losses shall be the adjusted basis provided in R.S. 47:139 for determining the loss from the sale or other disposition of property.

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Cite R.S. 47:61

Bluebook
La. Rev. Stat. Ann. § 47:61 (2026).
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https://theusufruct.com/rs/title-47/section-61
BibTeX
@misc{larevstat-47-61,
  title        = {La. Rev. Stat. Ann. § 47:61},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-47/section-61},
  note         = {Snapshot 2026-05-22}
}