Rental-purchase agreements, as defined by R.S. 9:3352, shall be deemed to be sales for state and local tax purposes only. The tax due on such transactions shall be payable in equal monthly installments over the entire term of the rental-purchase agreement, rather than at the inception of the agreement.
La. R.S. 9:3362
Taxes
Known as the Louisiana Rental-Purchase Agreement Act
The act spans §§ 9–9 (12 sections).
Acts 1991, No. 204, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.