Louisiana Lowers Sales Tax Rate, Extends Many Exemption Suspensions, and Taxes Business Utilities

Monday, June 25th, 2018

 
 
Louisiana state capitol building.
Share
Link
Louisiana
General

Effective July 1, 2018, Louisiana's overall state sales tax rate will decrease from 5 percent to 4.45 percent. The 4.45 percent tax rate will apply to the sale, use, consumption, distribution, lease, or rental of tangible personal property, and the sale of services.

Certain exemptions will continue to be suspended. In 2016, Louisiana suspended many exemptions, and these suspensions were set to expire over time. Some were set to expire July 1, 2018. The new law has changed that, and many of these exemptions are now suspended through June 30, 2025.

Also, beginning July 1, 2018, a 2 percent sales tax rate will apply to the sale, use, consumption, storage, or distribution of steam, water, electric power or energy, natural gas, or other energy sources for non-residential use ("business utilities").The reduced overall state sales tax rate and the 2 percent rate for business utilities is set to remain in effect until June 30, 2025.

https://www.ttrus.com/Louisiana Lowers Sales Tax Rate


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

Cleaning of Beer-Tap Lines Not Taxable in Ohio

Monday, January 14th, 2019 -The Supreme Court of Ohio recently ruled that cleaning beer-tap lines is not taxable. The taxpayer was...

Louisiana Court of Appeals Finds Marketplace Facilitators...

Friday, January 11th, 2019 -The Louisiana Court of Appeals has recently addressed the sales tax liability of marketplace facilitators. A c...

Iowa Supreme Court Determines Taxable Carpentry Services...

Wednesday, January 9th, 2019 -The Iowa Supreme Court has recently addressed the taxability of various installation services. The taxpayer wa...

Tax Applies to Metallurgical Coke in Illinois

Monday, January 7th, 2019 -Illinois recently ruled that use tax was due on purchases of metallurgical coke. The taxpayer was a business t...

Connecticut Provides Updated Guidance on Starting a...

Thursday, January 3rd, 2019 -The Connecticut Department of Revenue Services has issued a new information publication for businesses within ...

Pallets Exempt in Tennessee When Used as Packaging, Not...

Wednesday, January 2nd, 2019 -The Tennessee Department of Revenue recently released a sales tax notice addressing pallets and the packaging ...