House Bill No. by Representative Echols amends the sales and use tax exemption provisions for certain institutions of higher education in Louisiana. Specifically, it expands eligibility for the exemption to include not only regionally accredited independent institutions that are members of the Louisiana Association of Independent Colleges and Universities but also nationally accredited independent institutions of higher education. This change allows these institutions to benefit from the exemption on the purchase, lease, or rental of tangible personal property or services directly related to their educational mission.

The bill stipulates that these provisions will take effect for taxable periods beginning on or after July 1, 2025. The language of the bill retains the existing law while adding the new eligibility criteria for nationally accredited institutions. This legislative change aims to support a broader range of educational institutions in Louisiana by providing them with financial relief through sales and use tax exemptions.

Statutes affected:
HB135 Original: 47:6(6)