VENDOR’S COMPENSATION RATE CHANGES TO 1.5% EFFECTIVE JANUARY 1, 2014

 

IMPORTANT NOTICE


TO ALL DEALERS ENGAGED IN BUSINESS IN ST. JAMES PARISH:

 

The Vendor’s Compensation Rate on the St. James Parish School Board Sales & Use Tax Return will change to one and one-half percent (1.5%) effective January 1, 2014.  At a meeting held on Monday, September 23, 2013 and by resolution adopted to amend Section 7 of the 2003 St. James Parish School Board Sales & Use Tax Ordinance, the board voted to change the vendor’s compensation rate from two percent (2%) to one and one-half percent (1.5%) of total tax due.  The change in vendor’s compensation will become effective with the January 2014 sales and use tax return which will be due on February 20, 2014. 

The vendor’s compensation is allowed only on sales and use tax returns which are timely filed and paidIn accordance with R.S. 47:337.18(A), the taxes levied by the local ordinance shall be due and shall be payable on the first day of the month and returns shall be prepared and transmitted to the collector by all dealers on or before the twentieth day of each month for the preceding reporting period. Every dealer, at the time of making the return required hereunder, shall compute and remit to the collector the required tax due for the preceding reporting period, and failure to so remit such tax shall cause said tax to become delinquent.

The amount of vendor’s compensation is computed by multiplying the total tax due on line 18 of the St. James Parish School Board Sales & Use Tax Return by the vendor’s compensation rate of 1.5% and entering that amount on line 19 in each applicable column.  The vendor’s compensation amount on line 19 is then subtracted from the total tax due on line 18 to calculate net tax due on line 20.

 

Area

Tax Report
Columns

Total Parish
Tax Rate

Vendor Comp.

Rate (Line 19)

St James Parish School. Bd. & Council

A

3.50%

1.50%

St James Parish School. Bd. & Council
within corporate limits of the Town of Gramercy

B

3.50%

1.50%

St James Parish School. Bd. & Council
within corporate limits of the Town of Lutcher

C

3.50%

1.50%

 

Questions concerning the vendor’s compensation rate and its calculation should be directed to the St. James Parish School Board Sales & Use Tax Department at (225) 258-4500, extension 4551 or by email to salestax@stjames.k12.la.us.