Posted on 11/17/2005 7:22:32 AM PST by Ellesu
BATON ROUGE, La. (AP) — The Senate passed a proposal for a ``sales tax holiday'' lasting six days in December, plus a string of tax breaks aimed at helping Louisiana businesses rebuild after Hurricanes Katrina and Rita.
The six-day tax-free proposal is the most extensive of several such bills in the Legislature. Another would create a three-day break from sales taxes; a third would waive most sales taxes on Dec. 10.
A bill by Derrick Shepherd passed today would waive the 4 percent state sales taxes for items costing less than 25 thousand dollars from December 6th-11th. Items bought for business purposes and automobiles would not be included in the tax break.
The House has already approved the three-day tax holiday, from December 9th-11th. The other bill, by Senator Willie Mount, awaits a vote from the full Senate.
http://www.legis.state.la.us/billdata/streamdocument.asp?did=327726
http://www.legis.state.la.us/billdata/streamdocument.asp?did=327560
fiscal note: $15,000,000
Wonder what Derrick Shepherd wants to buy himself??
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