New RIBs explain 2009 legislative tax changes

The Louisiana Department of Revenue has issued eight 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. 09-030 concerns a new exemption provided by Act 462 for purchases of radiographic imaging equipment by certain nonprofit radiation therapy centers.

Revenue Information Bulletin No. 09-031 concerns the removal by Act 206 of the sunset date for sales tax  exclusions that have been in the sales tax law for several years covering purchases and leases by parochial and private elementary and secondary schools of certain educational materials to be used for classroom instruction.  Without the removal of the sunset date, the exclusions were to have expired on July 1, 2009. 

Revenue Information Bulletin No. 09-032 concerns the amendments by Act 446 to statutes providing with respect to sales tax exemptions for commercial fishermen, commercial fishing licenses, and commercial fishing vessel licenses.

Revenue Information Bulletin No. 09-033 concerns a new sales tax exemption provided by Act 422 for purchases by railroads of untreated railroad ties to be installed outside the state.

Revenue Information Bulletin No. 09-034 concerns the amendment by Act 464 to the sales tax exemption statute for commercial farm equipment, to provide relative to exemption certificates to be furnished by commercial farmers in connection with their claims of this exemption.

Revenue Information Bulletin No. 09-035 concerns a new use tax exemption provided by Act 422 for certain boats that dealers withdraw from their inventories for use as demonstrators.

Revenue Information Bulletin No. 09-036 concerns a new exclusion provided by Act 442 from the term “tangible personal property” for sales and use tax purposes.

Revenue Information Bulletin No. 09-037 concerns a new sales tax collection exclusion provided by Act 456 for certain nonprofit homeless shelters.

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 the Department of Revenue.