Annual Tax Holidays July 20, 2016BlogJessica Hemingway 1.Annual Sales Tax Holiday-This sales tax holiday occurs annually during the first full weekend of August. In 2016, the sales tax holiday will subject items to a 3% state sales tax rate, so sellers should collect 3% sales tax on applicable items. This will be a “partial sales tax holiday” from 2% of the state sales tax. The sales tax exemption applies to the first $2500 of the purchase price of each eligible item when the customer: buys and accepts delivery of eligible property; places property on layaway; acquires property that was previously placed on layaway; or places an order for immediate delivery. Local sales taxes apply to all transactions unless the local taxing authority creates its own exemption. The sales tax holiday does not apply to: vehicles subject to title and license; meals prepared for consumption on premises or to-go; and ttxable services such as hotel occupancy, laundry services, printing services, telecommunication services, the furnishing of cold storage space, leases or rentals of tangible personal property, repairs to tangible personal property, and admission to athletic, amusement, or recreational facilities or events Visit www.revenue.louisiana.gov/taxholiday for more information. 2. Annual Louisiana Second Amendment Weekend Holiday–This sales tax holiday occurs annually during the first consecutive Friday through Sunday during September. In 2016, this sales tax holiday will be subject to 3% state sales tax rate, so sellers should collect 3% sales tax on applicable items. This will also be a “partial sales tax holiday” from 2% of the state sales tax.