The Louisiana Legislature has enacted a sales tax bill in response to the state's budget crisis. Act 1 of the 2018 Third Extraordinary Session of the Louisiana Legislature is effective Sunday, July 1, 2018. The new state sales tax rate will be 4.45%, down from the current 5% state sales tax rate. In addition, they have continued to suspend many exemptions from the sales tax, but have aligned and expanded the exemptions that will remain effective as of July 1. Now, rather than having five different tax rates related to various exemptions, we will just have two rates, zero or 4.45% for most purchases.
State sales tax exemptions of note include the following, effective July 1, 2018:
The .45% sales tax imposed at La. R.S. §47:321.1 and the suspension of various sales tax exemptions will sunset on June 30, 2025. Comments are closed.
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