§ 47:201 — Partnership informational return of income required; limitations on partner tax

§201. Partnership informational return of income required; limitations on partner tax
liability
A. Except as otherwise provided in R.S. 47:201.2, a partnership shall not be subject
to the income tax imposed by this Chapter, but a partnership shall be required to file an
annual informational partnership return of income in accordance with R.S. 47:103(A)(2).
B. Persons carrying on business as partners shall be liable for income tax only in their
separate or individual capacities.

Legislative History

Amended by Acts 1958, No. 441, §1; Acts 1975, No. 459, §1; Acts 2021, No. 287, §1, eff. June 14, 2021.