With the passage of House Bill 10, the temporary one percent tax that was imposed during the 2016 First Extraordinary Session of the Louisiana legislature – and scheduled to expire July 1, 2018 – has been partially extended until June 30, 2025. The tax is now levied at a .45% rate as opposed to a one percent rate. The legislation also creates a new list of exclusive exemptions and exclusions.
Louisiana Partial Tax Extension
Sovos
June 26, 2018
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Sovos
Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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