Louisiana shoppers receive sales tax discount August 5 & 6
| Louisiana shoppers receive sales tax discount August 5 & 6 |
| BATON ROUGE – Families shopping for back-t0-school supplies, electronics, furniture and most other retail items will save money during the 2016 Louisiana Annual Sales Tax Holiday Friday, August 5 and Saturday, August 6. During these two days, purchases of most items of tangible personal property will be subject to only three percent state sales tax instead of the full five percent. Conditions The sales tax exemption applies to the first $2500 of the purchase price of each eligible item when the customer:
Local sales taxes apply to all transactions unless the local taxing authority creates its own exemption. Exceptions The sales tax holiday does not apply to:
Visit www.revenue.louisiana.gov/taxholiday for more information. 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 2016 Louisiana Individual Income Tax Returns due May 15, 2017. 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. |
Date and Time
Friday Aug 5, 2016 Saturday Aug 6, 2016
August 5-6, 2016
