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LA HB135
Bill
Status
3/26/2025
Primary Sponsor
Michael Echols
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AI Summary
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Expands the state and local sales and use tax exemption to include nationally accredited independent institutions of higher education, in addition to regionally accredited institutions that are members of the Louisiana Association of Independent Colleges and Universities
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Exemption applies to purchases, leases, or rentals of tangible personal property or services that are directly related to the educational mission of the institution
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Amends R.S. 47:305.6(6) to broaden eligibility criteria for the existing higher education sales tax exemption
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Applies to taxable periods beginning on or after July 1, 2025
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Effective date of July 1, 2025
Legislative Description
Provides relative to the sales and use tax exemption for certain institutions of higher education (OR DECREASE GF RV See Note)
TAX/SALES-USE-EXEMPT
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025