TAX/SALES & USE: Provides for the collection and administration of sales and use taxes by the Department of Revenue (Item #8)

HB 20 amends state law to ensure that sales and use taxes are collected and administered by the Department of Revenue using existing rules and regulations. The bill specifically directs the Department of Revenue to apply the same definitions, exemptions, and penalties currently used for sales tax collection to any additional taxes levied under this chapter. Additionally, the legislation temporarily suspends certain tax exemptions for purchases made between January 1, 1987, and June 30, 1988, requiring those transactions to be fully taxed. This measure affects businesses and individuals subject to sales and use taxes in Louisiana by clarifying how these taxes are enforced and collected.