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Annual Louisiana Sales Tax Holiday Coming August

June 27, 2012 by Chamber Staff

The 2012 Annual Louisiana Sales Tax Holiday takes place on Friday, August 3, and Saturday, August 4.  On these two days, retail sale of most items of tangible personal property are exempt from the 4 percent state sales tax. CLICK HERE for an informational poster.   Chamber of Commerce "sale"

The sales tax exemption applies to the first $2,500 of the purchase price of each eligible item. If the purchase of any item exceeds $2,500, the sales tax applies only to the difference in price.  For example, if a flat-screen television set costs $2,800, the consumer will pay the 4 percent sales tax on $300 only.

The exemption applies only to the four-percent state sales tax. It does not apply to sales taxes collected by parishes, towns, school boards, or any other taxing authorities. All retailers are required to participate by offering the tax exemption at the time of sale. Sellers may take advantage of a special provision from LDR which offers a $25 credit to offset the cost of reprogramming their cash registers for sales tax holidays. http://revenue.louisiana.gov/forms/lawspolicies/RIB03009.pdf

Filed Under: News

The Jefferson Chamber is the premier business organization in the greater New Orleans area. We work on behalf of our members to help their businesses grow, implement relevant and informative programming and provide opportunities to build relationships with other businesses in the community.

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