The Louisiana Sales Tax Holiday provides an exemption,
statewide, from state sales tax on the first $2,500 of the purchase price of most individual items of tangible personal property for non-business use.
The state sales tax is payable on the portion of the purchase price of any individual item in excess of $2,500. The holiday will apply to the 4 percent state sales tax, but will not apply to the sales taxes levied by parishes, municipalities, school boards, and other political subdivisions of the state.
In addition to the specific exclusions in the Act for vehicles and meals, the state sales tax holiday will not apply to purchases of taxable services (hotel occupancy; amusement, recreational, and athletic admissions; repairs to tangible personal property; laundry, cleaning, pressing, and dyeing services; vehicle parking; the furnishing of cold storage space; printing services; and telecommunication services) or to leases or rentals of tangible personal property.
Thursday, July 19, 2007
Louisiana Sales Tax Holiday
The Louisiana Sales Tax Holiday recently passed during the 2007 Legislative Session will be valid from 12:01 a.m. on Friday, August 3, through 12 midnight on Saturday August 4.