Local and State Sales Taxes Exempt on Friday and Saturday
Louisiana's annual Sales Tax Holiday this weekend Friday and Saturday by exempting the 9% local sales tax in addition to the state's 4% sales tax on the first $2,500 of the purchase price of tangible personal property.
The holiday begins at 12:01 a.m. on Friday, August 1 and continues through Saturday, August 2 at 11:59 p.m.
Customers are exempt from the sales taxes when buying and accepting delivery of eligible property, placing property on layaway, acquiring property that was previously placed on layaway, or placing an order for immediate delivery, even if the delivery must be delayed, provided the customer has not requested delayed delivery.
The sales tax holiday does not apply to vehicles subject to title and license, meals prepared for consumption on premises or to-go, and taxable services such as hotel occupancy, laundry services, printing services, telecommunications services, 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. For a full list of conditions related to this weekend's sales tax holiday, please visit www.revenue.louisiana.gov/taxholiday.
Shoppers are also reminded to retain receipts for back-to-school items as they may qualify for tax deductions on 2014 Louisiana Individual Income Tax Returns. The deductions apply to educational expenses for public, private, parochial, and home schools. To claim the deductions, individuals must be able to claim the student as a dependent on the state individual income tax return, and must be able to provide documentation for the expenses.
For more information about the Louisiana School Tuition and Expense Tax Deductions, visit www.revenue.louisiana.gov/schooldeduction.