Sales and Use Tax Laws - Differentiating Between Exemptions and Exclusions Under Louisiana LawCalhoun, JayeKolarik II, William J.ABA Tax Times
Louisiana derives 1/3 of its tax revenue from its 4% sales and use tax alone. Estimates show that an equal amount of tax is avoided through 192 exemptions or exclusions to sales and use tax. Since the combined state and local rate averages 10%, it is clear that the money involved in ...
The article reports on the enactment of sales and use tax exclusions and exemptions affecting charitable residential construction, rental items for charity events and farm equipment in Louisiana legislation. The Legislation Act 464 (HB756) of 2009 has been effective since July 1, 2009. The total ...