LAPLACE – It’s that time of year again — the annual Louisiana Sales Tax Holiday will begin next week on Friday, Aug. 2, and continue through Saturday, Aug. 3.
The exemption applies to most consumer purchases of tangible personal property under the following conditions: The customer must buy and accept delivery of
eligible property,
place property on layaway, acquire property that was previously placed on layaway or place an order for immediate delivery. Provided that the customer did not request delayed shipment, a delayed delivery will still qualify for exemption.
The sales tax holiday applies to the 4 percent state sales tax only. Local sales taxes apply unless the local taxing authority provides its own exemption. The sales tax exemption does not apply to: vehicles subject to license and title; meals prepared for consumption on premises or to-go; and taxable services, such as hotel occupancy, laundry services, printing services, telecommunication services, the 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 or events.
The Louisiana Department of Revenue reminds shoppers to retain receipts for back-to-school items such as supplies, uniforms and educational equipment required by schools. These purchases may be eligible for tax deductions on 2013 Louisiana Individual Income Tax Returns due May 15, 2014. The deductions apply to public, private, parochial and home schools. To claim the deductions, you must be able to claim the student as a dependent on your state individual income tax return, and you must be able to provide documentation for the expenses.
The 2013 holiday begins at 12:01 a.m. on Friday and continues through 11:59 p.m. on Saturday. For more information, visit www.revenue.louisiana.gov/taxholiday.