Thursday, July 31, 2008

Back To School sales tax holiday Friday and Saturday

What is the Sales Tax Holiday?
The Louisiana Sales Tax Holiday provides an exemption 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.
The 2008 holiday will be from 12:01 a.m. on Friday, August 1, through 12 midnight on Saturday, August 2.
What items are eligible for exemption?
The exemption will apply statewide to all consumer purchases of tangible personal property, other than vehicles subject to license and title and meals furnished for consumption on the premises where purchased, including to-go orders, provided that the property is not for use in a business, trade, or profession.
What items are NOT eligible for exemption?
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.
What are the conditions for exemption?
A customer will be eligible for the sales tax exemption if during the two days of each annual holiday:
He/she buys and accepts delivery of eligible property;
He/she places property on layaway;
He/she acquires property that was previously placed on layaway; or
He/she places an order for immediate delivery, even if delivery must be delayed, provided that the customer has not requested delayed shipment.
State Revenue Department

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