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State Sales Tax Aug 5 & 6

BATON ROUGE – The majority of consumer purchases are exempt from state sales taxes during the 2011 Louisiana Annual Sales Tax Holiday on Friday, August 5, and Saturday, August 6. The sales tax holiday exempts the first $2,500 of the purchase price of each eligible item from the four percent state sales tax. The law describes eligible items as “individual items of tangible personal property for non-business use.” The Louisiana Department of Revenue encourages shoppers to retain receipts for school supplies, uniforms, and educational equipment required by schools. Expenses paid this year are eligible for tax deductions on 2011 Louisiana Individual Income Tax Returns due May 15, 2012. In order to claim the deductions, you must be able to claim the student as a dependent on your state individual income tax return, and you must be able to provide documentation for the expenses. Visit www.revenue.louisiana.gov/schooldeduction for more information.Read Entire Press Releasae Here