Selling a louisiana business and taxes

There is a LA law that allows you to exclude from your state income a portion of the capital gain related to the sale of a LA entity’s stock or substantially all of its assets. The percent of the gain that is excluded depends on how long you have held the stock. The exclusion used to be 100% of the gain but it is now a tiered exclusion based on how long the entity was owned. Google “Louisiana capital gain exclusion”. I believe this applies only to LA residents.

Thank you gentlemen. This information is very much appreciated.