§ 47:1674 — Exemption from claim for taxes on retirement benefits by another state

Louisiana § 47:1674

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

A. All property in this state is exempt from attachment, execution, and seizure for the satisfaction of a judgment or claim in favor of another state or political subdivision of another state for failure to pay that state's or that political subdivision's income tax on benefits received from a pension or other retirement plan.
B. A claim or judgment in favor of another state or political subdivision of another state for failure to pay that state's or that political subdivision's income tax on benefits received from a pension or other retirement plan shall not be a lien on any property in this state owned by a resident of this state.
C. For the purposes of this Section, "pension or other retirement plan" includes:
(1) An annuity, pension, or profit-sharing or stock bonus or similar plan established to provide retirement benefits for an officer or employee of a public or private employer or for a self-employed individual.
(2) An annuity, pension, or military retirement pay plan or other retirement plan administered by the United States.
(3) An individual retirement account.

Legislative History

Acts 1993, No. 562, §1.