Louisiana’s First Sales Tax Holiday is This Weekend | AccountingWEB

Louisiana’s First Sales Tax Holiday is This Weekend

If you’ve put off your holiday shopping and live in or near Louisiana, you’re getting a break this weekend. The 2005 Sales Tax Holiday, passed during a special session of the state legislature last month, will be in effect Friday, December 16, to Sunday, December 18.

Shoppers throughout Louisiana, will save 4 cents on every dollar of the first $2,500 of the purchase price on most individual items. The tax holiday applies only to the 4 percent that is the state portion of the sales tax. Local taxes will still apply.

Meals intended to be immediately consumed, either on-premises or as take-out orders, are generally exempt from the sales tax holiday, which applies only to purchases of “tangible personal property.” Taxable services, leases, rentals and purchases of vehicles subject to license and title, are also exempt from the tax break. Rain checks issued during the period or exchanges of merchandise, purchased during the holiday, which are made after the tax holiday ends are exempt from the tax break as well.

The Daily News Online reports that businesses that must have their cash registers reprogrammed for the change in tax rates will be allowed sales tax credits of up $25 per cash register reprogrammed.

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