§ 14-52. Credit for sales tax against tax due on rental.

Sales or use taxes paid to this governing authority on the purchase of new motor trucks and new motor tractors licensed and registered for twelve thousand (12,000) pounds or more, under the provisions of Section 462 of Title 47 of the Louisiana Revised Statutes of 1950 (R.S. 47:462), new trailers and new semi-trailers licensed and registered for sixteen thousand (16,000) pounds or more under the provisions of said section for rental may be deducted as a credit against the tax due on the rental of that item of property so that no tax is payable on rental income until the tax paid on the purchase price has not been exceeded. The sales tax paid to another parish or taxing authority in the State of Louisiana, or in a county in a state other than Louisiana on the purchase price of property is not deductible from the tax subsequently due on the rental of such property in this parish. Property imported by the lessee for use in this parish that has been previously used by him in another parish or county is not subject to any tax on the value when imported, but is only subject to the tax that applies on rental payments.

If the tax on rental income fails to exceed the credits for sales or use tax paid, no refund is due the purchaser.

Any sales tax paid on any maintenance or operation expenses of a rental business is not deductible as a credit against the tax due on rental income; such expenses are part of the cost of doing business and do not constitute a part of the cost of the identical property being rented.

(Ord. No. 98-117, § 3, 5-14-98)