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La. Rev. Stat. § 47:287.63 (2026)

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

✓ current as of May 2026
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§287.63.  Allowable deductions defined

"Allowable deductions" for a taxable year means the deductions from federal gross income allowed by federal law in the computation of taxable income of a corporation for the same taxable year, subject to the modifications specified in this Part.  

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

Notes of Decisions
Cited in 4 cases, 2001–2016 · leading case: CITGO v. State Ex Rel. Dept. of Rev., 845 So. 2d 558 (La. Ct. App. 2003).
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CITGO v. State Ex Rel. Dept. of Rev., 845 So. 2d 558 (La. Ct. App. 2003). · cites it 3× “R.S. 47:287.63 [4] and CITGO was entitled to take the appropriate franchise tax credit under La.”
Crawford v. Am. Nat'l Petroleum Co., 805 So. 2d 371 (La. Ct. App. 2001). “Total net apportionable income or loss is computed by subtracting the following from gross apportionable income: ls(l) All expenses, losses, and other deductions defined in R.S. 47:287.63 as allowable deductions which are directly attributable to gross apportionable income.”
Sasol North Am., Inc. v. Louisiana Dep't of Revenue, 184 So. 3d 902 (La. Ct. App. 2016). · cites it 2× “R.S. 47:287.63, which reads, “Allowable deductions’ for a taxable year means the deductions from federal gross income allowed by federal law in the computation of taxable income of a corporation for the same taxable year, subject to the modifications specified in this Part.”
Total Gas & Power North Am., Inc. v. Bridges, 999 So. 2d 9 (La. Ct. App. 2008). “R.S. 47:287.63 that are directly attributable to *11 gross apportionable income; 2 and 2) a ratable portion of such “allowable deductions” that are not directly attributable to any item or class of gross income.”
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