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 85 Original 2016 First Extraordinary Session Jay Morris
Abstract: Prohibits the amount of the net operating loss deduction from exceeding 72% of La. net
income.
Present law provides for a deduction from corporate income tax for 72% of the amount of net
operating loss incurred in La.
Proposed law reduces the portion of the net operating loss that may be deducted from 72% of the loss
incurred in La. to 50%. Further prohibits the amount of the deduction from exceeding 72% of the
value of La. net income.
Effective January 1, 2016.
(Amends R.S. 47:287.86(A))