Attention all Louisiana shoppers! The state's newest sales tax holiday has begun. This one-time event takes place on November 20 and 21 in the Pelican State. It's designed to provide tax relief for Louisiana residents recovering from Hurricane Laura, Hurricane Delta, and the COVID-19 pandemic.
During the sales tax holiday, the state's 4.45% sales tax will not be charged on the first $2,500 of most consumer (not business) purchases. This is just in time for bargain hunters shopping for the holidays. Be aware, though, that motor vehicle sales and purchases of meals (either to eat-in or to-go) don't count and will still be charged sales tax.
The tax exemption generally applies to layaway sales and to purchases for products that won't be delivered until after November 21. Items purchased during the sales tax holiday period with "rain checks" also qualify for exemption, regardless of when the rain check is issued. However, a rain check issued during the exemption period doesn't qualify for the sales tax break if the item sold is actually purchased after November 21.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
No tax is due if you buy something during the sales tax holiday and exchange it later for an essentially identical item of a different size, color, etc. However, sales tax is due if you return something after the sales tax holiday and receive credit on the purchase of a different item.
For 60 days after the sales tax holiday, no credit or refund of sales tax will be given if you return an item unless (1) you provide a receipt or invoice showing that the state sales tax was paid, or (2) the retailer has sufficient documentation showing that the tax was paid on the item purchased.
For a complete list of 2020 sales tax holidays in Louisiana and throughout the country, see Sales Tax Holidays in 2020. Happy shopping!
-
Ten Cheapest Places to Live in TexasProperty Tax Looking for a cheap place to live in Texas? Look no further. These counties have the lowest property tax bills in the Lone Star State.
-
AI Is Missing the Wisdom of Older Adults: What It Means for YouAI will increasingly affect your healthcare and finances, but young workers are primarily designing the systems and getting most of the jobs.
-
Homeschoolers: 529 Plan Savings Could Soon Work for YouSavings Accounts A new House GOP bill could change how you save for your child's homeschool education. Find out how.
-
Ohio Announces Two-Week Sales Tax Holiday Amid Tariffs, High PricesState Tax Ohioans won't want to miss out on savings as pressure from tariffs spikes prices.
-
Five ‘Big Beautiful Bill’ Tax Changes to Watch in the SenateTax Policy The House passed its version of Trump’s "One Big, Beautiful Bill." Here’s what to look for as Senate Republicans take up the mega legislation.
-
New GOP Car Loan Tax Deduction: Which Vehicles and Buyers QualifyTax Breaks To fulfill Trump's campaign promise, House GOP lawmakers want to offer a tax deduction for car loan interest. How would it work?
-
Big GOP Tax Bill Could Change Your Estate Planning for 2025Tax Law The GOP might extend and increase the higher estate and gift tax exemption and AMT thresholds. What might this mean for your estate plan?
-
New 'No Tax on Tips' Bill Approved: What to Know NowIncome Taxes Will you stop paying taxes on your tip income this year?
-
Millions Could Lose SNAP Food Benefits Under Trump Tax Cut PlanTax Policy The House Agriculture Committee approved nearly $300 billion in cuts to SNAP benefits, putting many at risk of hunger.
-
Missouri Leads Capital Gains Tax Repeal: Will Your State Follow?State Tax As one state becomes a test case, policymakers and taxpayers across the U.S. will be watching closely to see what happens next.
