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LA HB551
LA HB551Establishes a sales tax holiday for purchases of certain items on the first Saturday of August each year (OR DECREASE SG RV See Note)
summary
Introduced
04/04/2025
04/04/2025
In Committee
04/14/2025
04/14/2025
Crossed Over
Passed
Dead
06/12/2025
06/12/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT To enact R.S. 47:305.21, relative to sales and use tax; to provide for sales and use tax exemptions; to establish an annual sales tax holiday; to exempt from state and local sales and use taxes purchases of certain items made on a specific day each year; to provide for requirements and limitations; to provide for applicability; and to provide for related matters.
AI Summary
This bill establishes an annual sales tax holiday called the "Louisiana Believes in Education Act" on the first Saturday of August each year, during which certain educational and personal items will be exempt from state and local sales taxes. Specifically, the tax exemption will apply to purchases of computers (laptops and tablets) priced under $500, clothing, footwear, school supplies, backpacks, school or teacher instructional materials, learning aids, software, jigsaw puzzles, and books (including electronic books) priced under $50. The tax exemption is designed to help families and educators save money on back-to-school purchases. The bill will take effect for taxable periods beginning on or after August 1, 2025, giving retailers and consumers advance notice of the new sales tax holiday. By creating this annual tax-free day, the legislation aims to reduce the financial burden of school-related expenses for Louisiana residents.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Committee on Ways & Means (09:00:00 5/13/2025 Room 6) (on 05/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB551&sbi=y |
| Fiscal Note - HB551 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1410119 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404302 |
| Analysis - Digest of HB551 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404312 |
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