{"data":{"id":"us-la/rs-47-73","jurisdiction":"us-la","citation":"RS 47:73","heading":"Items not deductible; family transactions","body":"In computing net income, no deduction shall in any case be allowed in respect of losses from sales or exchanges of property, directly or indirectly, between members of a family or, except in the case of distributions in liquidation, between an individual and a corporation in which such individual owns, directly or indirectly, more than fifty per centum (50%) of the voting stock.\nFor the purpose of this Section an individual shall be considered as owning the stock owned, directly or indirectly, by his family; and the family of an individual shall include only his brothers and sisters, whether by whole or half blood, spouse, ancestors, and lineal descendants.","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=102491","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:17Z","sha256":"ec5677947b7f4429c5afbb59151a8f6a205f1ac543e84e18a63842e2d2e45fb6","source_id":"us-la","stale":false,"prev":"us-la/rs-47-72","next":"us-la/rs-47-74"},"notice":"GroundRules: Original legal text. Not legal advice."}