Sales Tax Articles
Sales Tax State Activity Update - November 2006
Pulp Fact! Louisiana Wood and Paper Manufacturers Talk Energy
The Louisiana Department of Revenue, Policy Services Division proposes to adopt a regulation providing guidance to taxpayers regarding the exclusions for natural gas and electric power provided to paper and wood products manufacturers by Act 48 of the 2005 First Extraordinary Session of the Louisiana Legislature.
For the periods July 1, 2006 through December 31, 2008, the definitions of "cost price" and "sales price" are amended to limit the sales and use tax payments for paper and wood product manufacturers to the first $6.20 per MMBtu of natural gas purchases.
In addition, paper and wood product manufacturing facilities are not liable for sales or use tax on their sales, purchases or uses of electric power or energy during the same period. The proposed rule defines "paper manufacturing facility" and "wood products manufacturing facility".
The full text may be accessed on the Louisiana Department of Revenue Website.
( Louisiana Department of Revenue, Policy Services Division, Notice of Intent )
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