Tax free holiday returning to Louisiana? Yes, if this bill passes, but only for guns, hunting gear

Tax free holiday returning to Louisiana? Yes, if this bill passes, but only for guns, hunting gear

Gun Rights

A lot of Louisiana Legislators were surprised last year to learn that in their last-minute scuffle to fix the state budget, they had jettisoned sales tax holidays. It’s a situation they hope to fix in the legislative session that begins in three weeks on April 8 — at least for guns and hunting supplies — in what is the first bill that chips away at the bargain that kept the state from careening off the fiscal cliff. Last year, legislators had deadlocked over how to fill a huge deficit expected when the fifth penny of the 5-cent state sales tax expired. If the penny expired, state government wouldn’t have enough revenues to pay the bills absent draconian cuts in services. Republican House members wanted to retain 40 percent of the expiring penny. Democrats, Gov. John Bel Edwards and most of the state Senate resolved to keep 50 percent or a half of the fifth penny — a difference of about $86 million. The compromise was a sales tax rate at 4.45 percent of every dollar. But to cover that amount, supporters of the compromise assiduously fought efforts to include exemptions that had been suspended until 2025 — arguing that returning this exemption or that one would upset the precise calculations that made the deal work. +2 Oops … No tax-free weekends for 7 years in Louisiana as legislators accidentally cancel them Unnoticed until after the bill became law in July was that among the 100 or so suspended exemptions […]

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