§305.65. Exemption; charitable residential construction, rehabilitation, and renovation; limitation
A. The sales and use tax imposed by the state of Louisiana and all of its tax authorities shall not apply to the sale of construction materials to Hands on New Orleans and Rebuilding Together New Orleans covenant partners located in this state when such materials are intended for use in either constructing, rehabilitating, or renovating residential dwellings in this state which were destroyed or damaged by Hurricane Katrina or Hurricane Rita.
B. No more than five hundred thousand dollars of state and local exemptions authorized pursuant to this Section shall be granted in any calendar year.
C. The secretary of the Department of Revenue shall promulgate rules and regulations necessary to implement the provisions of this Section.
Acts 2009, No. 464, §2, eff. July 1, 2009.