DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 5 Original 2021 Regular Session Riser Abstract: Provides for the effectiveness of the Annual Louisiana Sales Tax Holidays. Present law imposes state sales and use taxes on the sale, use, lease, or rental of tangible personal property pursuant to the following levies in the following amounts: R.S. 47:302 - 2% R.S. 47:321 - 1% R.S. 47:321.1 - .45% R.S. 47:331 - .97% R.S. 51:1286 - .03% Present law provides for a variety of exemptions and exclusions applicable to state sales and use taxes. Present law authorizes annual state sales tax holidays, known as the Annual La. Sales Tax Holidays which exempt the first $2,500 of the sales price of any consumer purchases from state sales and use tax. Present law provides the holidays occur on the first consecutive Friday and Saturday of August of each year. Present law suspends numerous exemptions from the four levies of state sales and use tax (R.S. 47:302, 321, 321.1, and 331) through June 30, 2025. Present law suspends effectiveness of the Annual La. Sales Tax Holidays exemption through June 30, 2025, thereby making these items subject to state sales and use tax. Proposed law adds the Annual La. Sales Tax Holidays exemption to the list of exemptions currently effective through June 30, 2025. Present law provides for a state sales and use tax exemption on the first $2,500 of the sales price of any consumer purchases of tangible personal property that occurred on Friday, Nov. 20, 2020, and Saturday, Nov. 21, 2020, to provide tax relief for citizens recovering from Hurricane Laura, Hurricane Delta, and the COVID-19 pandemic. Proposed law repeals present law. (Amends R.S. 47:302(BB)(113), 321(P)(114), 321.1(I)(114), and 331(V)(114); Repeals R.S. 47:305.74)