Specialty Items Sold to Mardi Gras Carnival Organizations Taxed at Reduced Rate

Monday, September 5th, 2016

 
 
Mardi Gras beads and crown
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Louisiana
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The Louisiana Department of Revenue released guidance on taxing specialty items purchased by carnival organizations. Qualifying purchases of these items by Mardi Gras "Krewes" are taxed at a reduced rate of 3%.

Specialty items are specially designed for the carnival or a nonprofit organization. The items bear the carnival or nonprofit's name or logo. They include items such as doubloons, necklaces, cups, and coasters.

The reduced rate only applies to purchases by qualifying carnival organizations (krewes). These organizations must be domiciled in Louisiana and must plan to sponsor either a ball or parade during the Mardi Gras season.

http://revenue.louisiana.gov/LawsPolicies/Revised%20RIB%2016-043%20Tax%20Compliance%20for%20Mardi%20Gras%20Krewes%20and%20Events.pdf


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

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