RIBs address sales tax-related legislation

The Louisiana Department of Revenue has issued three Revenue Information Bulletins (RIBs) concerning sales tax-related measures from the Regular Session of the 2009 Louisiana Legislature.

Revenue Information Bulletin No. 09-050 discusses a phased-in exclusion from state sales tax for manufacturers in certain NAICS codes on their purchases and uses of certain property to be consumed in the manufacturing process, as provided by Act 466 of 2009.

Revenue Information Bulletin No. 09-051 concerns a new state sales tax collection exemption on sales and admissions at domed arenas and associated facilities in certain parishes, as provided by Act 464 of 2009.

Revenue Information Bulletin No. 09-052 discusses new state sales tax exemptions for three named charitable organizations on their purchases of materials for housing construction, rehabilitation, or renovation, also as provided by Act 464 of 2009.

A Revenue Information Bulletin (RIB) is issued under the authority of LAC 61:III.101(D). A RIB is an informal statement of information issued for the public and employees that is general in nature. A RIB does not have the force and effect of law and is not binding on the public or the Department.

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