2021 Louisiana Laws
Revised Statutes
Title 47 - Revenue and Taxation
§1692. Definitions
RS 1692 - Definitions
As used in this Chapter, the following terms shall have the meaning ascribed to them in this Section unless the context clearly indicates otherwise:
(1) "Consumable hemp product" shall have the same definition as set forth in R.S. 3:1481.
(2) "Consumer" means either a business entity or a person who purchases consumable hemp products.
(3) "Retail sale" means the sale or transfer of consumable hemp products to a consumer for any purpose other than for resale and shall include all transactions as the secretary, upon investigation, finds to be in lieu of sales. Resale shall include but not be limited to the sale of consumable hemp products for further processing into a product produced in accordance with R.S. 40:1046.
(4) "Retailer" means a person or entity that sells or offers for sale consumable hemp products to a consumer. Retailer shall also include any person or entity that imports or causes to be imported from any other state consumable hemp products for use or consumption.
(5) "Secretary" means the secretary of the Department of Revenue or his duly appointed representatives.
Acts 2019, No. 164, §3; Acts 2019, No. 247, §1, eff. Aug. 1, 2019; Acts 2021, No. 336, §2.
NOTE: See Acts 2019, No. 247, re: tax year applicability.
