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Advanced Sales Tax Repeal
– December 1, 2008
The Louisiana Department of Revenue has repealed the law regarding payment of advanced sales tax by resale dealers for items purchased for resale. Starting January 1, 2009, all purchases for resale will be exempt from state sales tax just as they are in the parish.
A Louisiana Resale Certificate, Form R-1042, is posted on the LDR website, http://www.revenue.louisiana.gov/. The form can be completed online and printed as needed. These should be given to vendors as soon as possble.
Taxes paid after January 1, 2009 must be refunded by the vendor. Line 12 will remain on the sales tax form until July 2009, to allow for dealers to claim the credit on purchases made during the transition.
Purchases for use or consumption are still taxable andthe purchaser is still required to pay tax on these items at the time of purchase or report the purchase on line 2 of the sales tax return to be paid with the sales tax return remittance.
You may contact our Accounting Services Department if you need assistance with your sales tax questions.
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