2014 Louisiana Annual Sales Tax Holiday: Most retail purchases exempt from state sales tax August 1 & 2
|BATON ROUGE – Just in time for back-to-school shopping, most retail purchases in Louisiana are exempt from the 4 percent state sales tax on Friday, August 1, and Saturday, August 2. The 2014 Louisiana Annual Sales Tax Holiday applies to most individual consumer purchases of tangible personal property.
The sales tax holiday exempts the first $2500 of the purchase price of each eligible item when the customer:
The sales tax holiday applies only to the 4 percent state sales tax. Local sales taxes still apply unless the local taxing authority creates its own exemption.
The sales tax holiday does not apply to:
Visit www.revenue.louisiana.gov/taxholiday for a full explanation of conditions of the 2014 Louisiana Annual Sales Tax Holiday.
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 2014 Louisiana Individual Income Tax Returns due May 15, 2015. 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.