RS 47:45 - Exclusion from gross income; gifts and inheritances

LA Rev Stat § 47:45 (2018) (N/A)
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§45. Exclusion from gross income; gifts and inheritances

The value of property acquired by gift, bequest, devise or inheritance shall not be included in gross income and shall be exempt from taxation under this Chapter; but the income from such property shall be included in gross income.