§287.91.  Determination of Louisiana net income or loss

A.  The Louisiana net income of a corporation is the sum produced by combining the net allocable income or loss as provided in R.S. 47:287.93 and the net apportionable income or loss as provided in R.S. 47:287.94 when the result is more than zero.  

B.  The Louisiana net loss of a corporation is the sum produced by combining the net allocable income or loss as provided in R.S. 47:287.93 and the net apportionable income or loss as provided in R.S. 47:287.94 when the result is less than zero.  

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