Budget & Taxes

Louisiana’s sales tax holiday, scheduled to occur on the first Friday and Saturday in August, is one of the most generous in the nation. According to a policy brief by the Institute on Taxation and Economic Policy (ITEP), a non-partisan research organization, sales tax holidays put a strain on states’ budgets, and are too temporary to significantly change the regressive nature of a state’s tax structure. The exemption is projected to cost $3.7 million this year.