§305.40.  Exclusions and exemptions; purchases of Mardi Gras specialty items

A.  Solely for purposes of the sales and use taxes levied by the state, such sales and use taxes imposed by R.S. 47:302, 321, and 331 shall not apply to the purchases or sales of specialty items for use in connection with Mardi Gras activities by the following organizations:

(1)  Carnival organizations.

(2)  Nonprofit organizations domiciled within Louisiana and participating in a parade sponsored by a carnival organization.

B.(1)  "Specialty items" for the purposes of this Section are defined as those items which are specially designed for the carnival or nonprofit organization and bear the carnival or nonprofit organization's name or insignia, including but not limited to doubloons, necklaces, cups, and coasters.

(2)  "Carnival organization" for the purposes of this Section is defined as an organization domiciled within Louisiana that plans to sponsor either a Mardi Gras ball or parade during the next* Mardi Gras season.

Acts 1985, No. 439, §1.  H.C.R. No. 55, 1986 R.S.; Acts 2003, No. 73, §1, eff. July 1, 2003; Acts 2005, No. 410, §1.

*As appears in enrolled bill.