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 50 Original 2021 Regular Session Stefanski
Abstract: Establishes a state and local sales and use tax exclusion for the re-lease or re-rental of
items of tangible personal property made by a short-term equipment rental dealer.
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%
Proposed law establishes an exclusion from state and local sales and use tax for the re-lease or re-
rental of any item of tangible personal property made by a short-term equipment rental dealer.
Proposed law defines, for purposes of the exclusion in proposed law, a "short-term equipment rental
dealer" as a person or entity whose principal business is the short-term rental of tangible personal
property classified under code numbers 532412 and 532310 of the North American Industry
Classification System, published by the U. S. Bureau of Census.
Proposed law further defines a "short-term rental" as the rental of tangible personal property for a
period of less than 365 days, for an undefined period, or under an open-ended agreement.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 47:301(7)(m), 302(BB)(114), 321(P)(115), 321.1(I)(115), and 331(V)(115))