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Printable Form Instructions 1040 (Schedule A) New Orleans Louisiana: What You Should Know
The sale of an immovable home used to support one or multiple homes is not considered a residential rental agreement and does not be subject to the sales tax. Sales tax exemption. The owner's equity is taxed at the applicable tax rates. Sales Tax Exemptions Under the following conditions, all sales of immobile property that are sold or exchanged during the first year ending on or before July 1 of 2025 will be exempt from the business and occupation tax. All property used as a business or as a business office, located in Louisiana, including immobile premises that are used in an ordinary business. Business Tax Exclusion for New Construction; Business Tax Exclusion No more than 3 consecutive months of construction work.
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