RS 47:201: 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.