Tuesday, June 18, 2013

Renewing your Louisiana Resale Certificate

The Louisiana Resale Certificate (R-1064) is automatically issued to new taxpayers who register with LDR that are engaged in the business of selling tangible personal property. The resale certificate allows businesses to purchase items for resale without paying state sales tax. A resale certificate must be obtained for each business location. The location address must be the physical location of the business and cannot be a post office box. The resale certificate will display both the business name and location address of the taxpayer.

Effective Jan. 1, 2012, taxpayers are required to complete an application to renew their Resale Certificate. Renewal requests as well as new applications must be submitted through Louisiana Department of Revenue’s Louisiana Taxpayer Access Point (LaTAP) at www.revenue.louisiana.gov.

It is recommended that businesses apply for renewal of their Sales Tax Resale Certificate within 60 days of its expiration date. Please do not request a renewal of a certificate unless it is within the 60 day window allowable for renewal. A request for a renewal of a certificate that expires in more than 60 days will not be processed. Those that submit the request for renewal of a resale certificate that expires in 61 days or more must resubmit the request in the allowable time period.

Question: If a resale certificate has expired, can it still be renewed online, or must the business owner re-apply for the certificate?
Answer: Yes, but the effective date will not be back dated. If the certificate I not received within 10-15 business days, please contact the Louisiana Department of Revenue.

Question: Is there a procedure for a business to request a refund of sales tax paid on purchases for resale during the period prior to obtaining their resale certificate or during the period it was lapsed?
Answer: There is no tax relief for the period that the exemption was lapsed.

Sales Tax Resale Certificate Renewal Checklist

Please have the following records and information available before you begin the application:
  • Account numbers for all locations
  • Location and mailing addresses for all business locations
  • Current Industry type and category that will be used to determine NAICS code
  • A valid e-mail address
  • Amount of purchases you made for resale or your-"Cost of Goods Sold" for the last 2 years (consolidated filers cost of goods sold should consist of the combined purchases of all members of the consolidation.)

Consolidated Account
For businesses with multiple locations that file a consolidated return, your Main or Master Account application should be completed under the consolidated account number utilized to file your sales tax returns. The   contact and business information you enter on the master application will be saved and you will not have to complete these sections again. After completing your main request using the consolidated account location, you must complete a new or renewal request for each of the other business locations. Your application date should be based on the earliest certificate expiration date of the members of the consolidation. Only those requests for certificates that will expire within the next 60 days will be renewed.

Once your application is processed and approved, all locations you have entered will have the same effective and expiration dates on the Resale Certificate from this point forward.

Click here for more information.

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