§305.79. Exemption; samples given at conventions or trade shows

            A.(1) The sales tax imposed by the state of Louisiana shall not apply to the furnishing of an item at no charge as a sample in a business-to-business exchange at, or in conjunction with, a conference, convention, exposition, trade show, professional or trade association event, business or professional meeting, corporate event, or exhibition of any kind held in this state.

            (2)(a) For purposes of this Section, "business-to-business exchange" means the distribution by a business of free samples in a limited quantity with nominal value to another business as part of a genuine effort to sell or market the product being sampled to that business.

            (b) For purposes of this Paragraph, "nominal value" means a value which is so small or slight that it is not considered real or substantial in comparison with what might reasonably be expected.

            B. The exemption provided for in this Section shall terminate on August 1, 2033, and shall have no effect on and after that date.

            Acts 2023, No. 297, §2.