The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Curry Lann.
DIGEST
SB 36 Original 2021 Regular Session Reese
Present law (R.S. 47:287.86) provides for a net operating loss deduction on Louisiana corporation
income and authorizes a net operating loss to carryover to each of the twenty taxable years following
the taxable year of loss on any return filed on or after July 1, 2015, regardless of the taxable year to
which the return relates.
Proposed law authorizes a net operating loss to carryover to each taxable year following the taxable
year of the loss until the loss is fully recovered and otherwise retains present law.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:287.86(B))