Buy And Save With Louisiana’s Tax Free Weekend
You may be putting off buying things you want or need but this weekend could be the time to splurge. Today on 'Mornings With Ken and Bernie' Byron Henderson with the Louisiana Department of Revenue joined us to explain the 'tax free holiday' being offered to Louisiana shoppers this weekend.
According to Henderson,
This weekend, tomorrow and Saturday is the annual general Louisiana tax holiday. Which means that most of the items that people might be interested in buying this weekend are going to be exempt from the 4% state sales tax. The exemption applies to the first $2,500 of the purchase price of each individual item of what we call 'tangible' personal property for 'non-business' use.
When asked which items were eligible for this 'tax free' status Henderson replied,
It's easier to list what does not qualify for the exemption than it is to list what does. The exceptions are vehicles subject to title and license, prepared meals and then there is a list of taxable services such as hotel occupancy and repairs to personal property, vehicle parking...that sort of thing. That list is on our website www.revenue.louisiana.gov/taxholiday.
For more information and ideas that might save you money this weekend take a listen to the interview: