Louisiana Sales Tax Holiday Coming Up
- Jul 27, 2012 | Susan McLain
The Louisiana Sales Tax Holiday “…begins at 12:01 a.m. on Friday, August 3, and continues through 11:59 p.m. on Saturday, August 4.”
Louisiana businesses should be aware that the holiday exempts purchases “…from the 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 holiday “…will not apply to the sales taxes levied by parishes, municipalities, school boards, and other political subdivisions of the state.”
In order to qualify for the exemption, one of the following conditions must be met “…during the two days of each annual holiday:”
- Customer purchases and accepts delivery of the eligible property;
- Customer places property on layaway;
- Customer acquires property that was previously put on layaway; or
- Customer places an order for immediate delivery, even if delivery is delayed, as long as the delay is not due to customer request.
Purchases made after the holiday using rain checks provided during the holiday do not qualify for the exemption; however, purchases made during the holiday using a rain check provided before the holiday do qualify.