RS 9:2154 - Other property subject to depletion

LA Rev Stat § 9:2154 (2018) (N/A)
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§2154. Other property subject to depletion

Except as provided in R.S. 9:2152 and 9:2153, if the principal consists of property subject to depletion, receipts from the property not in excess of five percent of its inventory value are income, and the balance is principal.