Archive for May, 2012

Revenue Information Bulletin 12-027: Resale Certificate Renwal Process

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 12-027, Resale Certificate Renewal Process:

Dealers with Louisiana Department of Revenue-issued resale exemption certificates must now renew their certificates online through the Louisiana Taxpayer Access Point (LaTAP) system. Resale dealers who are not registered for LaTAP should to do so in order to complete the renewal process. To register an account in LaTAP, visit LDR’s website at www.revenue.louisiana.gov/latap .

LDR will no longer issue the Limited Resale Dealer Certificate (Form R-1055). Instead, all dealers who renew their resale certificates will receive the Resale Dealer Certificate (Form R-1064). A Form R-1055 certificate will continue to be valid until the expiration date shown on it; vendors may accept it until the expiration date.

To read the full text of RIB 12-027, visit www.revenue.louisiana.gov.

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Revenue Ruling 12-003: Tax Collection by Veterinarians

The Louisiana Department of Revenue has issued Revenue Ruling 12-003, Tax Collection by Veterinarians:

The professional services of veterinarians in examining, diagnosing, and treating animals are not subject to the sales tax. Neither are the sales and use of pharmaceuticals administered to livestock used for agricultural purposes, except as otherwise provided in R.S. 47:301(16)(f). Sales of feed and feed additives for the purpose of sustaining animals which are held primarily for commercial, business, or agricultural use are exempted from taxation by R.S. 47:305 A(4). However, other pharmaceuticals, drugs, treatment devices, and tangible personal property used by veterinarians or furnished by veterinarians to animal owners, as a part of the professional services, are subject to sales and use tax. (The various exemptions found in R.S. 47:305 D, involving drugs, orthotic and prosthetic devices, and patient aids, cannot be extended to property prescribed, used, or sold by veterinarians in the care and treatment of animals.)

To read the full text of Revenue Ruling 12-003, visit www.revenue.louisiana.gov.

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Revenue Ruling 12-002: Coating, Wrapping, Galvanizing of Tangible Personal Property

The Louisiana Department of Revenue has issued Revenue Ruling 12-002, Coatin, Wrapping, Galvanizing of Tangible Personal Property:

The charges made for the coating, wrapping, and galvanizing of pipe and other types of property which have not previously been coated, wrapped, or galvanized are considered “fabrications” as contemplated by La. R.S. 47:301(12). This statute defines “sale” to include “any transfer of title or possession, or both, exchange, barter, conditional or otherwise, in any manner or by any means whatsoever, of tangible personal property, for a consideration, and includes the fabrication of tangible personal property for consumers who furnish, either directly or indirectly, the materials used in fabrication work …” [emphasis added]. Since these fabrication transactions are considered taxable sales, vendors are required to charge and collect sales tax on the gross proceeds from the coating, wrapping, and galvanizing transactions.

To read the full text of Revenue Ruling 12-002, visit www.revenue.louisiana.gov.

 

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Louisiana sales tax holiday encourages residents to prepare for hurricane season

BATON ROUGE – Louisiana residents can stock up on flashlights, batteries, generators, and other storm-related items free of the 4 percent state sales tax during the 2012 Hurricane Preparedness Sales Tax Holiday on Saturday, May 26 and Sunday, May 27.  The 2012 Atlantic Hurricane Season begins June 1.

“This is the perfect opportunity to begin the preparations that can help to keep your loved ones and property safe, secure and comfortable during hurricane season,” Secretary of Revenue Cynthia Bridges said.  “I encourage everyone to get ready now.  Don’t wait until there’s a storm bearing down on us or, worse, after one has already struck.”

The sales tax holiday exempts the first $1500 of the purchase price of each of the following eligible items:

  • Self-powered light sources, such as flashlights and candles
  • Portable self-powered radios, two-way radios, and weather-band radios
  • Tarpaulins or other flexible waterproof sheeting
  • Ground anchor systems, straps or tie-down kits
  • Gas or diesel fuel tanks
  • Batteries, sizes AAA, AA, C, D, 6-volt, or 9-volt (Automobile batteries and boat batteries are ineligible)
  • Cellular phone batteries and chargers
  • Non-electric food storage coolers
  • Portable generators
  • Storm shutter devices (Materials and products manufactured, rated, and marketed specifically for the purposes of preventing window damage from storms)
  • Carbon monoxide detectors
  • “Blue Ice” (and similar re-usable cooling products)

The 2012 Hurricane Preparedness Sales Tax Holiday exempts eligible purchases from the 4 percent state sales tax only.  Local sales taxes apply unless specifically exempted by the local taxing jurisdiction.

Visit www.revenue.louisiana.gov/hurricaneprep for a full explanation of sales tax holiday provisions.

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RIB 12-025: Frequently Asked Questions Relating to the Emergency Rule on Alternative Fuel Credit

The Louisiana Department of Revenue has issued Revenue Information Bulletin 12-025: Frequently Asked Questions Relating to the Emergency Rule on Alternative Fuel Credit.

To read the FAQs in RIB 12-025, visit revenue.louisiana.gov.

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RIB 12-024: Natural Gas Severance Tax Rate Effective July 1, 2012

The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 12-024, which addresses the natural gas severance tax rate effective July 1, 2012.

The natural gas severance tax rate has been set at 14.8 cents per thousand cubic feet (MCF) measured at a base pressure of 15.025 pounds per square inch absolute and at the temperature base of 60 degrees Fahrenheit effective July 1, 2012, through June 30, 2013.

To read the full text of RIB 12-024, visit revenue.louisiana.gov.

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