House Bill No. by Representative Echols amends R.S. 47:305.6(6) to expand the sales and use tax exemption for certain institutions of higher education. The bill adds eligibility for nationally accredited independent institutions of higher education, in addition to the existing provision for regionally accredited institutions that are members of the Louisiana Association of Independent Colleges and Universities. This exemption applies to the purchase, lease, or rental of tangible personal property or services directly related to the educational mission of these institutions.

The provisions of this bill will take effect for taxable periods beginning on or after July 1, 2025. If the bill is vetoed by the governor but subsequently approved by the legislature, it will still become effective on July 1, 2025, or the day following such approval, whichever is later. Overall, the bill aims to enhance the financial support for higher education institutions by broadening the scope of tax exemptions available to them.

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