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2014 Louisiana Annual Sales Tax Holiday set for 1st weekend in August

Most retail purchases will be exempt from the 4 percent state sales tax when you go shopping for school supplies.
Most retail purchases will be exempt from the 4 percent state sales tax when you go shopping for school supplies.

The state sales tax holiday takes place on Friday, Aug. 1 and Saturday, Aug.  2 and it applies to most individual consumer purchases of tangible personal property.

Conditions - The sales tax holiday exempts the first $2500 of the purchase price of each eligible item for non-business use when the customer:

Buys and accepts delivery of eligible property;
  • Places property on layaway;
  • Acquires property that was previously placed on layaway; or
  • Places an order for immediate delivery, even if the delivery must be delayed, provided the customer has not requested delayed delivery

The sales tax holiday applies only to the 4 percent state sales tax. Local sales taxes still apply unless the local taxing authority creates its own exemption.

Exceptions - 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, 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 even

Visit www.revenue.louisiana.gov/taxholiday for a full explanation of conditions of the 2014 Louisiana Annual Sales Tax Holiday.

Back-to-School Tax Deductions:

The Louisiana Department of Revenue reminds shoppers 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. The deductions apply to educational expenses for 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.

For more information about the Louisiana School Tuition and Expense Tax Deductions, visit www.revenue.louisiana.gov/schooldeduction.

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