Capitol news bureau
July 28, 2012
The 2012 Louisiana Annual Sales Tax Holiday, which exempts the 4 percent state sales tax on many purchases, is scheduled Aug. 3-4, according to a Louisiana Department of Revenue press release.
The exemption applies to the first $2,500 of the purchase price of each eligible item. Local sales taxes still apply.
The state also has a deduction for school supplies.
The Revenue Department press release reminded shoppers to keep the receipts for school supplies, uniforms and educational equipment required by schools. The expenses may be eligible for tax deductions on 2012 Louisiana Individual Income Tax Returns due May 15, according to the press release.
The sales tax holiday applies to “individual items of tangible personal property” delivered or placed on layaway, according to the press release.
Vehicles that need to be licensed, meals and hotel stays, also are not covered by the sales tax holiday. Also not included are purchases for laundry services, printing services, telecommunication services, the furnishing of cold storage space, leases and repairs of personal property, as well as admission to athletic, amusement, or recreational facilities or events, the press release stated.
For more information about the 2012 Louisiana Annual Sales Tax Holiday, visit http://www.revenue.louisiana.gov/taxholiday.