The Louisiana Department of Revenue has announced that there will be a statewide sales tax discount this weekend.
The discount, on August 4 and 5, will see consumers paying only three-percent sales tax, instead of the usual five-percent. This discount comes at a time when students, teachers and parents are shopping for the upcoming school year.
Electronics, appliances, school supplies, and most regular retail items will be eligible for the tax discount. Consumers can even get discounts on merchandise they order during the weekend.
According to a revenue information bulletin, “Orders for immediate shipment are eligible for exemption, even if the shipment occurs after the holiday, provided that the customer does not request delayed shipment.”
While the tax holiday applies to most retail items, there are a few things not included in the discount. The upcoming sales tax holiday does not include-- vehicles, meals at restaurants, or admission to recreational facilities or events.
Taxable services such as hotel rooms, laundry services, printing services, telecommunication services, the furnishing of cold storage space, rentals of personal property, and repairs to personal property are also not eligible for the discount.
While the tax discount may save consumers money now, the receipts may save them even more during tax season.
According to the Louisiana Department of Revenue, shoppers should keep all receipts for back-to-school items such as supplies, uniforms, and all equipment required by schools. These purchases may qualify for tax deductions on 2017 Louisiana Income Tax Returns.
The official press release states, “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 provide documentation for the expenses.”
For more information about the Louisiana School Tuition and Expense Tax Deductions, visit www.revenue.louisiana.gov/SchoolDeduction.