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.

2019 Changes to the Georgia Agricultural Tax Exemption...

Monday, November 19th, 2018 -The Georgia Department of Agriculture recently published detailed guidance on changes to the 2019 Georgia Agri...

Charges for 'Free Gift Cards' Taxable in New York

Friday, November 16th, 2018 -The New York Division of Tax Appeals recently ruled that a taxpayer was giving away gift cards with the purcha...

New or Increased Taxes on Services Prohibited in Arizona

Monday, November 12th, 2018 -Arizona voters approved Proposition 126, which amends the Arizona Constitution. The amendment prohibits state ...

South Dakota Finalizes Wayfair Settlement Agreement

Friday, November 9th, 2018 -South Dakota has settled the Wayfair case. The landmark Supreme Court decision in South Dakota v. Wayfair bega...

Washington Provides Guidance on the Taxation of Waste...

Wednesday, November 7th, 2018 -The Washington Department of Revenue recently released updated guidance detailing how state taxes apply to sol...

Arkansas Exemption for Children’s Homes

Monday, November 5th, 2018 -The Arkansas Department of Finance and Administration recently released a ruling that explains the state's exe...