Louisiana Revised Statutes 47:264 – Overpayments arising from allowance of deductions for bad debts or worthless stock
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In the case of an overassessment which arises from the allowance of a deduction for a bad debt or worthless stock which has not been claimed and allowed on a return of the taxpayer for another year, the period of limitation prescribed in La. Rev. Stat. 47:1623 shall be extended for an additional period of two years, and the limitation on the amount of credit or refund provided in La. Rev. Stat. 47:1623 shall be suspended.
Added by Acts 1950, No. 445, §2.