Archive for July, 2013

Important changes to the Louisiana Sales Tax Return, effective July 1, 2013

Effective July 1, 2013, there are three changes to the Louisiana Sales Tax Return (Form R-1029):

  • The vendor’s compensation rate on Line 10 changed to .935%. Act 425 of the 2013 Regular Session of the Louisiana Legislature amended R.S. 47:306(A)(3) to change the vendor’s compensation rate allowed to dealers who remit sales tax from 1.1 percent to .935 percent. The change in vendor’s compensation will become effective with the July sales tax return which is due August 20, 2013. The compensation is allowed only on returns which are timely filed and paid. Questions concerning the vendor’s compensation rate should be directed to the Louisiana Department of Revenue’s Special Programs Division at (225) 219-7462, option 3, or by email to Sales.Inquiries@LA.gov.
  • Allowable deductions for sales to loggers and paper and wood manufacturers must be reported on Line 22 (Sales/purchases/leases/rentals of manufacturing machinery or equipment), instead of Line 23.
  • Allowable deductions for sales of gasoline, diesel, and motor fuel must be reported on Line 23. Note: Sales of these items for resale must be reported on Line 31.

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Most retail purchases exempt from state sales tax August 2 & 3

BATON ROUGE – Most retail purchases are exempt from the four percent state sales tax during the 2013 Louisiana Annual Sales Tax Holiday Friday, August 2, and Saturday, August 3.

The exemption applies to most consumer purchases of tangible personal property under the following conditions:

  • The customer buys and accepts delivery of eligible property;
  • The customer places property on layaway;
  • The customer acquires property that was previously placed on layaway; or
  • The customer places an order for immediate delivery, even if delivery must be delayed, provided that the customer has not requested delayed shipment

The sales tax holiday applies to the four percent state sales tax only.  Local sales taxes apply unless the local taxing authority provides its own exemption.

The sales tax exemption does not apply to:

  • Vehicles subject to license and title;
  • Meals prepared for consumption on premises or to-go; and
  • Taxable services such as hotel occupancy, laundry services, printing services, telecommunication services, the furnishing of cold storage space, leases or rentals of tangible personal property, repairs to tangible personal property, and admission to athletic, amusement, or recreational facilities or events

 The Louisiana Department of Revenue reminds shoppers to retain receipts for back-to-school items such as supplies, uniforms and educational equipment required by schools.  These purchases may be eligible for tax deductions on 2013 Louisiana Individual Income Tax Returns due May 15, 2014. The deductions apply to 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.

Visit www.revenue.louisiana.gov/taxholiday for more information about the 2013 Louisiana Annual Sales Tax Holiday.

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