Revenue Information Bulletin 10-017 – Capital Gains Deduction

The Louisiana Department of Revenue has issued a Revenue Information Bulletin (RIB) concerning the capital gains deduction.

Louisiana Revised Statutes 47:293(9)(a)(xvii) and 47:293(10) provides an individual income tax deduction for net capital gains, limited to gains recognized and treated for federal purposes as arising from the sale or exchange of equity interests in, or substantially all of the assets of, a non-publicly traded business commercially domiciled in Louisiana.

Read RIB 10-017 at revenue.louisiana.gov.

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