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eBulletin

eBulletin 2011-2
August 3, 2011

Reminder – The Sales Tax Holiday Is This Friday and Saturday

Louisiana’s annual sales tax holiday is this coming Friday and Saturday, August 5th and 6th. Your qualified purchase is exempt from the 4% Louisiana sales tax for up to $2,500 of the purchase price. Parish and other local sales taxes are not included in the 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.

In addition to the specific exclusions for vehicles and meals, the state sales tax holiday will not apply to purchases of taxable services (such as 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.

You will be eligible for the sales tax exemption if during the two days of the holiday:

  • Your buy and accept delivery of eligible property;

  • You place property on layaway;

  • You acquire property that was previously placed on layaway;

or

  • You place an order for immediate delivery, even if delivery must be delayed, provided that you have not requested delayed shipment.

Purchases during the holiday with “rain checks” issued before the three-day holiday are eligible for exemption, but purchases after the holiday with “rain checks” issued during the holiday are not eligible for exemption.

BB recommends: If you have any questions about this issue, contact your BB representative or call Ted Stacey at (504) 831-4949.

This written advice is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer.

Disclaimer: This eBulletin contains general information and cannot substitute for individual consultation. You should obtain professional advice before making financial business or tax decisions.

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