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HTMLLouisiana Franchise Tax—No Tax on Corporate Limited Partners with No Louisiana Nexus
Andrew D. Feiner, Jeffrey B. Schwarcz; Andrews Kurth LLP;
Legal Alert/Article
September 26, 2011, previously published on September 22, 2011
The Louisiana Court of Appeal blocked the Louisiana Department of Revenue from imposing franchise tax on a corporation that had no Louisiana contacts other than owning a limited partner interest in a partnership that engaged in business in Louisiana. Utelcom, Inc. and Ucom, Inc. v. Bridges, 2010 CA...