DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 658 Original 2015 Regular Session Hunter
Abstract: Reduces the carryback of the net operating loss deduction for purposes of calculating
corporate income tax liability from three years to one year.
Present law provides a deduction from Louisiana net income for a net operating loss to be carried
back three taxable years preceding the taxable year of such loss or carried over to each of the 15
taxable years following the taxable year of such loss.
Proposed law retains present law but reduces the carryback of the net operating loss deduction from
three years to one year.
(Amends 47:246(E) and 287.86(A) and (B))