Louisiana – Changes to the State Sales Tax Return

SALT Report 2796 – The Louisiana Department of Revenue announced that they have made three changes to the state Sales Tax Return, Form R-1029.  The changes will be effective with the July return, which is due August 20, 2013.

1) The vendor’s compensation rate on Line 10 has been reduced to .935%.

Act 425, Laws 2013 amended R.S. 47:306(A)(3) to change the vendor’s compensation rate allowed to dealers who remit sales tax from 1.1% to .935%. The compensation may only be taken on returns that are timely filed and paid.

2) Deductions for sales to loggers and paper and wood manufacturers should now be reported on Line 22 – Sales/purchases/leases/rentals of manufacturing machinery or equipment, instead of Line 23.

3) Deductions for sales of gasoline, diesel, and motor fuel must now be reported on Line 23. Sales of these items for resale must now be reported on Line 31.

For Further Information

Louisiana Department of Revenue – Tax Topics