Code · Louisiana · Title 47 — Revenue and Taxation

RS 47:287.441

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 47:287.441

SUBPART C - ACCOUNTING PERIODS AND

METHODS OF ACCOUNTING

§287.441. Accounting periods, methods of accounting, and adjustments

For purposes of determining the period in which to include items of gross income, determining the period in which deductions should be taken, and computing net income under this Part, a corporation shall use the same taxable year and the same method of accounting it is required to use for federal income tax purposes, including its inventory method and statutorily required accounting adjustments, unless otherwise provided in this Part.

Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.