R-620GIW  (7/15)  
                                                                                    Income Taxable Period Covered
                              Reduction in Exclusions and Deductions to 
                              Gross Income Worksheet for use when filing  
                                                   Form CIFT-620

In the table below, compute the exclusion or deduction amounts as provided in the related revised statues before Act 123 reduction 
in Column 1. Multiply Column 1 by percentage allowed and enter amount in Column 2.  The amounts in Column 2 should be used to 
compute your Louisiana Net Income on Schedule D or Schedule G, if applicable, of your Corporation Income and Franchise Tax return. 
See Revenue Information Bulletin 15-017 for more information on amended returns or returns filed on extension. 

Please attach this worksheet to your Form CIFT-620.

                                                   Column 1.                                                   Column 2.  
                                          Amount prior to Act 123                   Amount allowed under  
Description                                        Reduction      Allowable Portion                            Act 123

R.S. 47:51 Governmental Subsidies for 
                                                                  72%
Operating Public Transportation Systems

R.S. 47:158 Percentage Depletion                                  72%

R.S. 287.738 Refunds of Louisiana 
                                                                  72%
Corporation Income Tax

R.S. 47:287.71 Dividends from National 
Banking Corporations and State Banking                            72%
Corporations

R.S. 287.738 Deduction for dividends                              72%

R.S. 287.738 Deduction for Hurricane 
                                                                  72%
Recovery Entity Benefits

R.S. 47:287.73(C)(4) Deduction for I.R.C. 
                                                                  72%
Section 280C expense

Form CIFT-620, Line 1C Reduction. In Column 1, enter the amount of NOL that would be utilized to reduced LA net income. This 
amount cannot be greater that Line 1A of Form CIFT-620. Multiply Column 1 by percentage allowed and enter the result in Column 2 
and on Form CIFT-620, Line 1C.

R.S. 47:287.86 Net operating loss                                 72%