Steve Suter's Blog



Born and raised in New Orleans, I went to school at St. Edwards in Metairie, Rummel High and on to LSU. I have been living "On The Air" in New Orleans for 20 years.

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State sales Tax holiday Fri and Sat

With the school year coming up, Louisiana is having an annual sales tax holiday on Friday and Saturday. But lots of items are exempt from the 4 percent sales tax, not just school supplies The annual event exempts the first $2,500 of the purchase price of eligible items from the 4 percent state sales tax. The law defines eligible items as "individual items of tangible personal property for non-business use.''     Local sales taxes still must be paid.   What's not covered? Any vehicle subject to tax and title, restaurant and to-go meals and such services as hotel rooms, printing and telecommunications services, leases or rentals, repairs to personal property and tickets for athletic and other amusement and recreational events.  To be eligible for the tax holiday, a shopper must buy and accept delivery of the item, put the item on layaway or claim an item previously put on layaway. An item that must be delivered is eligible, as long as the customer does not request delayed shipment. And there's something in it for merchants: a $25-per-machine tax credit is available for reprogramming of cash registers for the holiday.   The Department of Revenue also said shoppers should keep receipts for uniforms, books and other items students will need for the new school year, since many of those purchases can be claimed as state income tax credits.



 
08/04/2011 11:55AM
State sales Tax holiday Fri and Sat
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