Louisiana Revised Statutes 47:2 – General definitions
Terms Used In Louisiana Revised Statutes 47:2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Subtitle: means and includes all the Chapters in Subtitle II of this Title 47 and any other Title of the Louisiana Revised Statutes of 1950 except the provisions of Chapter 1 of Subtitle IV of Title 47 of the Louisiana Revised Statutes of 1950 and estate taxes for the assessment, collection, administration, and enforcement of taxes, fees, licenses, penalties, and interest due the state of Louisiana which have been delegated to the Department of Revenue. See Louisiana Revised Statutes 47:1501
For the purposes of this Title, unless the context clearly otherwise requires or unless otherwise defined in specific portions of this Title, the following words and phrases shall have the respective meanings ascribed to them in this Section:
(1) “Oath” includes affirmation.
(2) “Person” includes any natural person, firm, partnership, association, corporation, company, syndicate, estate, trust, business trust, or organization of any kind.
(3) “Signature” or “subscription” includes a mark in the case of a person who cannot sign his name, provided the mark is made in the presence of two subscribing witnesses.
(4) “Taxpayer” means any person liable to pay a tax or file a return under any provision in which the word “taxpayer” appears, regardless of whether such person has paid any tax or filed the required return.
(5) “Finally resolved and settled in accordance with law” as this phrase was used in Article XIX, Section 19, of thethe Louisiana Constitution of 1921 and as this phrase is used in Article XIV, Section 11 of thethe Louisiana Constitution of 1974, entitled “Prescription; Tidelands Taxes”, means the day on which all litigation between the United States and the state of Louisiana described by the United States Supreme Court as, “United States versus Louisiana, Number 9 Original,” concerning all areas in dispute has been finally resolved and settled in accordance with law, and does not refer to any partial or piecemeal resolution or settlement between the United States and the state of Louisiana.
When used in Chapter 17 or 18 of Subtitle II of this Title, “taxpayer” means any person liable to pay a tax or file a return under any provisions of Subtitle II of this Title, regardless of whether such person has paid any tax or filed the required return.
Amended by Acts 1975, No. 383, §1.