The Louisiana Department of Revenue has issued Revenue Information Bulletin (RIB) 13-018 – Changes to Form R-1048 Related to Sales Tax Exemption for Certain Fund-Raising Activities by Non-Profit Organizations.
Act 157 of the 2013 Regular Session of the Legislature amended La. R.S. 47:305.14 to provide for an annual exemption certificate for fund-raising events by eligible organizations. Previously, an organization had to apply for and obtain an exemption certificate for each fund-raising event. Louisiana Revised Statute 47:305.14(A)(1)(a) provides that sales and use taxes imposed by taxing authorities shall not apply to sales of tangible personal property at, or admission charges for, outside gates admissions to, or parking fees associated with events sponsored by domestic, civic, educational, historical, charitable, fraternal, or religious organizations, which are nonprofit, when the entire proceeds, except for necessary expenses are used for educational, charitable, religious, or historical restoration purposes including the furtherance of the civic, educational, historical, charitable, fraternal, or religious purpose of the organization.