Revenue Information Bulletins explain new tax laws

The Louisiana Department of Revenue has issued five new Revenue Information Bulletins (RIBs) concerning sales and use tax-related legislation enacted during the 2009 regular session of the Louisiana Legislature.

Revenue Information Bulletin No. 09-040 discusses Act 455 which provides a sales tax exemption on purchases of bait and feed for use in the production and harvesting of crawfish.

Revenue Information Bulletin No. 09-043 discusses Act 443 which provides a new sales tax exclusion under Louisiana Revised Statute 47:301(10)(ff) for sales that occur on facilities owned or operated by the Louisiana Military Department, and also amends the existing sales tax exemption provided by R.S. 47:305.51 for purchases of utilities by steelworks, blast furnaces, coke ovens, or rolling mills.  

Revenue Information Bulletin No. 09-047 discusses Act 500 which amended the definition of the term “tangible personal property” provided by R.S. 47:301(16), to replace the former partial exclusion for “manufactured homes” with a partial exclusion for the more encompassing term “factory-built” homes.

Revenue Information Bulletin No. 09-048 discusses a new sales tax exemption provided by Act 461 for sales of polyroll tubing to be used for commercial farm irrigation purposes.

Revenue Information Bulletin No. 09-049 discusses Act 450 which provides a severance tax rate reduction and sales tax exclusions related to qualified tertiary recovery projects.

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 on the Louisiana Department of Revenue.