Louisiana likely to have sales tax holiday Nov. 20-21

    BRIEF

    Louisiana is close to establishing a new sales tax holiday for Nov. 20-21 of this year — the Friday and Saturday before Thanksgiving. 

    If approved, the tax holiday will give patrons a sales tax break on purchases up to $2,500 during those two days.  The tax holiday does not apply to vehicle purchases or restaurant meals. A fiscal analysis shows that the holiday is projected to cost Louisiana $4.5 million in tax revenue.  

    House Speaker Clay Schexnayder, R-Gonzales, sponsored the legislation that creates the tax break to help families suffering during the COVID-19 crisis and after two hurricanes hit the southwestern portion of the state.

    The House and the Senate have both passed a version of Schexnayder’s bill, and a compromise is expected within the next week. Gov. John Bel Edwards would also have to approve the tax break.