Louisiana General Sales Tax Holiday 2012
- Sales Tax News
- Jul 11, 2012 | Susan McLain
Not to be confused with the Louisiana Hurricane Preparedness Sales Tax Holiday that occurred on May 26 and 27 this year, the Louisiana General Sales Tax Holiday is more like a Back-to-School Holiday, occurring August 3 and 4th, 2012.
Called the Louisiana Annual Sales Tax Holiday, the “…exemption applies to the first $2,500 of the purchase price of each eligible item.” Eligible items can be purchased without paying the state’s 4 percent sales tax rate on the purchase.
The sales tax exemption during this time applies to “…the purchase price of most individual items of tangible personal property for non-business use.” However, “…vehicles subject to license and title and meals furnished for consumption on the premises where purchased,” do not qualify.
Non-eligible items also include “Taxable services such as hotel occupancy, laundry services, printing services, telecommunication services, the furnishing of cold storage space, leases or rentals of tangible personal property, repairs to tangible personal property, and admission to athletic, amusement, or recreational facilities or events.”
Dealers who incur an expense in reprogramming their registers to accommodate the sales tax holiday are “…allowed credits on their sales tax returns of up to $25 for each cash register reprogrammed.”
School Supplies Deduction
The Louisiana Department of Revenue reminds tax payers to “…retain receipts for school supplies, uniforms and educational equipment required by schools,” as they may be eligible for tax deductions on their 2012 Louisiana income tax return.
The Louisiana Annual Sales Tax Holiday 2012 starts 12:01 a.m. Friday August 3 and ends 11:59 p.m. on Saturday, August 4.