The Louisiana Department of Revenue recently issued guidance addressing the state tax treatment of GILTI. Specifically, in Revenue Information Bulletin 19-016, the Department announced that GILTI will be classified as dividend income for Louisiana corporate income tax purposes. Because Louisiana currently has a 100 percent dividends-received deduction, no portion of GILTI will be taxable for Louisiana corporation income tax purposes. Any deduction taken on a corporation’s federal return related to GILTI income will not be allowed for Louisiana corporation income tax purposes and will need to be added back. The Bulletin also addresses how resident and non-resident individuals and trusts will report GILTI and reminds these taxpayers that individuals and fiduciary filers are not entitled to a dividends received deduction for GILTI. Please stay tuned to TWIST for additional tax reform-related developments.