HLS 15RS-505 ENGROSSED
2015 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 7
BY REPRESENTATIVE HUNTER
TAX/SALES & USE: Suspends the income tax deduction for net operating loss
1 A CONCURRENT RESOL UTION
2To suspend until sixty days after final adjournment of the 2016 Regular Session of the
3 Legislature of Louisiana the provisions of R.S. 47:287.86 that provides for a
4 deduction from Louisiana net income.
5 WHEREAS, R.S. 47:287.86 authorizes an adjustment reducing Louisiana net income
6in an amount equal to the aggregate of the net operating loss carryovers for the taxable year
7and the net operating loss carrybacks for the taxable year; and
8 WHEREAS, the Louisiana net loss may be carried back to each of the three taxable
9years preceding the taxable year of the loss and may be carried over to each of the fifteen
10taxable years following the taxable year of the loss.
11 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
12suspend the provisions of R.S. 47:287.86 that provides for a deduction from Louisiana net
13income for a Louisiana net loss.
14 BE IT FURTHER RESOLVED that this suspension shall become effective upon
15adoption of this Resolution and shall extend through the sixtieth day after final adjournment
16of the 2016 Regular Session of the Legislature of Louisiana.
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)]
HCR 7 Engrossed 2015 Regular Session Hunter
Suspends until 60 days after the end of the 2016 R.S., the deduction from a La. net income
for net operating loss carryovers and carrybacks.
(Suspends R.S. 47:287.86)
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