HASBSB36 TYLERT 2787
SENATE SUMMARY OF HOUSE AMENDMENTS
SB 36 2021 Regular Session Reese
KEYWORD AND SUMMARY AS RETURNED TO THE SENATE
TAX/INCOME/CORPORATE. Provides for net operating loss deductions
on Louisiana corporation income. (gov sig)
SUMMARY OF HOUSE AMENDMENTS TO THE SENATE BILL
1. Specifies 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.
DIGEST OF THE SENATE BILL AS RETURNED TO THE SENATE
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))
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Thomas L. Tyler
Deputy Chief of Staff