RS 47:287.63 - Allowable deductions defined 'Allowable deductions' for a taxable year means the deductions from federal gross income allowed by federal law in the computation of taxable income of a corporation for the same taxable year, subject to the modifications specified in this Part. Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986.
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