§305.23. Sales and use tax exemption; boats
A. Notwithstanding any other provision of law to the contrary, the state and local
sales and use taxes levied on boats registered in this state shall not exceed twenty thousand
dollars after application of the credits provided for in R.S. 47:303(A)(3) and 337.86, if the
tax is paid within ninety days of purchase. If the aggregate state and local sales and use tax
on a boat would have equaled an amount exceeding twenty thousand dollars, the actual tax
collected shall be divided equally between the applicable state and local taxing authorities.
B. Beginning July 1, 2030, and every five years thereafter, the amount provided for
in Subsection A of this Section shall be adjusted by an amount calculated by multiplying the
amount of the prior year's amount by the percentage increase in the Consumer Price Index
United States city average for all urban consumers (CPI-U), as reported by the United States
Department of Labor, Bureau of Labor Statistics, or its successor.
Acts 2025, No. 384, §4, eff. June 20, 2025.