RDCSB36 416 3029
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)]
SB 36 Engrossed 2021 Regular Session Reese
Present law (R.S. 47:287.86) provides for a net operating loss deduction on La. corporation
income and authorizes a net operating loss to carryover to each of the 20 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 provides that all claims for this deduction on any return filed on or after Jan.
1, 2022, for net operating losses relating to loss years on or after Jan. 1, 2001, the loss may
be carried to each taxable year following the loss year until the loss is fully recovered.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:287.86(B))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the
engrossed bill:
1. Specify that for claims on any return filed on or after Jan. 1, 2022, for net
operating losses relating to loss years on or after Jan. 1, 2001, the loss may be
carried to each taxable year following the loss year until the loss is fully
recovered.
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