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Tax free weekend 2018?
Posted on 8/4/18 at 11:21 am
Posted on 8/4/18 at 11:21 am
Am I reading this right that it doesn’t exist this year? Thought it would be this weekend
Posted on 8/4/18 at 11:23 am to TulaneUVA
Thought they were phasing it out next year.
Posted on 8/4/18 at 11:26 am to TulaneUVA
Legislature accidentally cancelled it when they cut the state sales tax from 5% to 4.5%.
*When they didn't extend a 1% addition with the tax holidays written into it.
*When they didn't extend a 1% addition with the tax holidays written into it.
This post was edited on 8/4/18 at 1:00 pm
Posted on 8/4/18 at 11:28 am to KamaCausey_LSU
quote:Yeah, right.....
Legislature accidentally cancelled it
Posted on 8/4/18 at 11:57 am to TulaneUVA
quote:
Tax free weekend
Trashy
Posted on 8/4/18 at 12:10 pm to OysterPoBoy
Saving money is trashy? If so, I might as well indulge and get a tattoo and start building my vertical picket fence
Posted on 8/4/18 at 12:13 pm to KamaCausey_LSU
quote:
Legislature accidentally cancelled it when they passed a new .45 cent sales tax
Fixed
Posted on 8/4/18 at 12:27 pm to TulaneUVA
It is gone until 2025 I think...
Posted on 8/4/18 at 12:29 pm to TulaneUVA
Gone for the next 5 years
Posted on 8/4/18 at 12:35 pm to TulaneUVA
Rep Paula Davis from BR who always claims of being a poor woman who is not being heard did this.
She was celebrating her bill not understanding that she accidentally cancelled the tax free holiday. She is sooo smart and guess who was her campaign advisor Jeremy Alford. Run from any candidate he promotes as he a tax and spend guy.
Again she did not cut state sales tax from 5% to 4.5%. The 1% extra to make the sales tax 5% would have expired July 1st. She basically added a .045% sales tax.
She was celebrating her bill not understanding that she accidentally cancelled the tax free holiday. She is sooo smart and guess who was her campaign advisor Jeremy Alford. Run from any candidate he promotes as he a tax and spend guy.
Again she did not cut state sales tax from 5% to 4.5%. The 1% extra to make the sales tax 5% would have expired July 1st. She basically added a .045% sales tax.
This post was edited on 8/4/18 at 12:37 pm
Posted on 8/4/18 at 12:38 pm to KamaCausey_LSU
quote:
when they cut the state sales tax from 5% to 4.5%.
*when they raised the sales tax from 4% to 4.45%
Posted on 8/4/18 at 12:49 pm to TulaneUVA
Florida’s is this weekend. Louisiana is so screwed up.
Posted on 8/4/18 at 12:58 pm to Golfer
Wait is it really 4.45% now? Thought is was 4.5 wow that .05% will make such a difference.
Posted on 8/4/18 at 1:00 pm to TDFreak
WWLTV
quote:
Louisiana consumers counting on a sales tax break for back-to-school shopping this weekend will have to rely on store-offered discounts to save money.
That's because the new 0.45-cent sales tax bill passed by the Legislature and signed into law by Gov. John Bel Edwards this summer discontinued the state's three sales tax holidays for seven years.
...
The other two holidays that will be discontinued from the state sales tax exemptions are are the Second Amendment Sales Tax Holiday Sept. 7-9 and the Disaster Preparedness Sales Tax Holiday on the last weekend of May. The local tax break on the Second Amendment Holiday will remain in place.
State Rep. Paula Davis, R-Baton Rouge, who authored Act 1 from the third Special Session of the year, said the sales tax holidays weren't discussed in the debate on her bill "because it was already a dead issue."
Davis was referring to the second Special Session where the House rejected an amendment to add the sales tax holidays into a one-third cent sales tax bill by Rep. Lance Harris, R-Alexandria.
Harris' bill eventually failed, creating the need for a third Special Session. Davis said she basically duplicated the language of Harris' bill other than increasing the amount of a new sales tax from one-third cent to 0.45-percent.
"The body had spoken," she said. "I filed my bill as a duplicate to Lance's because it seemed clear that bill had the best chance of passing."
Louisiana's Department of Revenue estimates the sales tax holidays would have cost the state $5.2 million in taxes this year. On the other hand, it would have saved consumers the same amount.
Tax policy groups like the Tax Foundation in Washington, D.C., argue sales tax holidays are bad policy because they only shift sales forward or postpone them without increasing overall retail sales.
...
State Rep. Jack McFarland, R-Winnfield, was among those who shepherded Davis' bill through the House.
"I wasn't aware that the sales tax holidays had been removed, but it wouldn't have changed the way I voted," he said.
Davis' bill, which was designed to replace part of a temporary one-cent sales tax that expired June 30 and avoid a budget crisis, will expire on June 30, 2025.
But lawmakers could seek to reinstate the sales tax holidays before then beginning in next year's Regular Session.
"I suspect someone will file a bill to add them back and I'll look at it again," Davis said.
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