Nobody likes paying taxes, and November 20-21, 2020 is an opportunity for everyone in Louisiana to pay a little less in sales taxes. The sales tax holiday helps residents save a little bit of money on certain purchases. Throughout Louisiana, people have been impacted by COVID-19 and Hurricanes. This two day 2020 Louisiana Sales Tax Holiday is definitely a helping hand. Here is what you need to know.
Louisiana Sales Tax Holiday Details
According to the Louisiana Department of Revenue, “the first $2500 of most consumer purchases from the 4.45% state sales tax are exempt.” The Louisiana Sales Tax 2020 holiday will apply to many in-store purchases as well as transactions completed online or by phone.
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 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
It is important to note that this tax holiday only applies to the 4.45% state sales tax. Local sales and use taxes may still apply. When the state allows this sales tax holiday, they estimate that they do not collect about $4.5 Million is sales tax.
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