§201. Partnership informational return of income required; limitations on partner tax liability A. Except as otherwise provided in R.S. 47:201.2, a partnership shall not be subject to the income tax imposed by this Chapter, but a partnership shall be required to file an annual informational partnership return of income in accordance with R.S. 47:103(A)(2). B. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.
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