Taxation
Louisiana Eliminates Capital Gains Tax On Sales Of Private Businesses
- January 4, 2010
- By Allen & Gooch
During the recently completely 2009 Regular Session of the Louisiana Legislature, the legislature passed, and Governor Jindal signed, legislation that excludes capital gains tax from individual state income taxes. The exclusion becomes effective for all taxable periods beginning on or after January 1, 2010, and applies to the sale of privately held companies domiciled in […]
