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R1048 (1 22)Page 1of 2 Louisiana Department of Revenue P.O. Box 3278 Baton Rouge, LA 708213278 Telephone: (855 3073893 Fax Number: (225 9522406 Email: non. Profit la.annual Application for Exemption.
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La revenue exemption FAQ
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a) Owned and occupied by a person who is 65 years of age or older. b) Owned and occupied by a person who has a 50% or greater military service-related disability. c) Last owned and occupied by a member of the armed forces who was killed or is missing in action, or who is a prisoner of war.
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In order to qualify for homestead exemption, one must own and occupy the house as his/her primary residence. Regardless of how many houses are owned, no one is entitled to more than one homestead exemption, which is a maximum of $7,500 of assessed value. If you change primary residence, you must notify the assessor.
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One of the owners must be 65 years of age or older as of January 1 of the qualifying year. Owner or owners must have a total combined adjusted gross income which cannot exceed $100,000.
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Farmers must submit Form R-1070, Application for Certification as a “Manufacturer,” and be approved before the sales tax exclusion can be claimed.
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A: The homestead exemption is a tax exemption on the first $75,000 of the value of a person's home. This exemption applies to all homeowners. The value of your home is exempt up to $75,000 from state and parish property taxes.
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You can apply for federal tax exemption with the IRS. They will in turn send you a Letter of Determination stating your tax exempt status if granted after the long review process. Once you have Federal tax exempt 501c3 status you can work with the Department of Revenue to apply for Louisiana tax exemptions.
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You can apply to obtain Louisiana sales tax exemption by filing form R-1048, the Application for Exemption from Collection of Louisiana State Sales Tax with the Louisiana Department of Revenue.
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These resale certificates can be verified at https://.revenue.louisiana.gov/SalesTax/ResaleCertificate. Click the “Resale Certificate” link to reach the Resale Certificate Validation page.
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