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Louisiana Sales Tax Holiday Underway

Louisiana Sales Tax Holiday Underway

Louisiana shoppers get a tax break Friday, August 1 and Saturday, August 2.

It's the 2014 Louisiana Annual Sales Tax Holiday.

"During these two days, most retail purchases in Louisiana are going to be free of the 4% state sales tax," says state revenue spokesman Byron Henderson.

The first $2,500 of the purchase price of each eligible item is exempt from the tax.

"If you were to buy a $2,500 computer and a $2,500 television set, then your entire $5,000 purchase would be exempt from the 4% state sales tax," Henderson said.

Some items are not exempt from the tax.

"The sales tax holiday does not apply to vehicles that are subject to title and license, meals that are prepared for consumption and certain taxable services such as hotel occupancy, laundry services, printing services," Henderson pointed out.

The sales tax holiday applies only to the state sales tax. Shoppers will still have to pay local sales taxes on their purchases unless the local taxing authority creates its own exemption.

Shoppers are encouraged to retain receipts for back-to-school items such as supplies, uniforms and equipment required  by schools. These purchases may qualify for tax deductions on 2014 Louisiana Individual Income Tax Returns due May 15, 2015.

 

 

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