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Louisiana sales tax holiday scheduled for Nov. 20-21

BATON ROUGE – A state sales tax holiday to provide relief for Louisiana residents recovering from hurricanes Laura and Delta, in addition to the COVID-19 public health emergency, will take place Friday, Nov. 20 and Saturday, Nov. 21.

Act 16 of the 2020 Second Extraordinary Session of the Louisiana Legislature exempts the first $2,500 of most consumer purchases from the 4.45% state sales tax. The exemption applies to in-store purchases as well as transactions completed online or by telephone.

Eligible transactions include:

·       Buying and accepting delivery of tangible personal property

·       Placing tangible personal property on layaway

·       Making final payment on tangible personal property previously placed on layaway

The sales tax holiday does not apply to:

·       Business or commercial purchases of tangible personal property

·       Prepared meals

·       Rentals or leases of tangible personal property

·       Sales of taxable services

·       Vehicles subject to license and title

The sales tax holiday exempts eligible purchases from the 4.45% state sales tax only. Local sales and use taxes apply to all purchases.

SOURCE


About Davis Davis & Harmon LLC – Sales Tax Experts: Headquartered in Dallas, Texas, Davis Davis & Harmon LLC – Sales Tax Experts specializes in sales/use tax refund recovery and audit defense. Our team of consultants is comprised of former Big 4 sales tax consultants and state sales tax auditors. Each of our consultants has 15 to 20 years of experience, providing our clients with access to a highly specialized team of sales/use tax professionals. At Davis Davis & Harmon, LLC we are committed to maintaining the highest standards in our talent pool. We work hard to meet our clients’ needs by ensuring that you view our firm as an extension of your company and a member of your team.




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