The bill enacts several provisions related to sales and use tax in Louisiana, specifically addressing compensation for dealers and remote sellers involved in the collection and remittance of these taxes. It introduces new legal language that allows for vendor's compensation as a deduction against taxes due, contingent upon timely filing and remittance of tax returns. The compensation rate will be specified in local ordinances, and dealers will be permitted to claim this compensation as a deduction when submitting their tax reports, provided that the taxes due were not delinquent at the time of payment.

Additionally, the bill establishes that the uniform electronic local return and remittance system will include provisions for vendor's compensation, ensuring that taxpayers can file returns uniformly across different taxing authorities. The Louisiana Sales and Use Tax Commission for Remote Sellers is also empowered to manage these compensation deductions, applying specific rates for each taxing jurisdiction. The effective date for these changes is set for July 1, 2025, applying to taxable periods beginning on or after that date.