§ 12:1368 — Taxation

§1368. Taxation
A limited liability company created under this Chapter or entering the state pursuant
to this Chapter shall pay such taxes as are imposed by the laws of this state or any political
subdivision thereof on domestic and foreign limited partnerships on an identical basis
therewith. For state income and franchise tax purposes, a limited liability company shall be
treated and taxed in the same manner that it is treated and taxed for federal income tax
purposes.

Legislative History

Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 2016 1ES, No. 12, §1, eff. March 10, 2016.