The bill amends and reenacts R.S. 47:305.57(B)(2) and enacts R.S. 47:305.57(B)(3) to expand the sales and use tax exemption for certain art sales within cultural product districts in Louisiana. Specifically, it introduces a definition for "digital art," which includes digitally created content such as pictures, videos, or songs that can be verified through blockchain or similar mechanisms. Additionally, the bill clarifies that "works of art" encompass visual arts and crafts, explicitly including digital art, and grants the Department of Culture, Recreation and Tourism the authority to determine if an item qualifies as "original, one-of-a-kind" work.

The provisions of this Act will take effect for taxable periods beginning on or after July 1, 2023. It will become effective upon the governor's signature or, if not signed, after the designated period for bills to become law without signature, as outlined in the Louisiana Constitution. If the bill is vetoed and later approved by the legislature, it will take effect the day after such approval.

Statutes affected:
SB227 Original: 47:57(B)(2)
SB227 Engrossed: 47:57(B)(2)
SB227 Enrolled: 47:57(B)(2)
SB227 Act : 47:57(B)(2)