Effective July 1, 2004, a new form has been published for Louisiana’s new sales tax exclusion for manufacturing machinery and equipment. The form may be used by manufacturing and agricultural businesses to apply for the exclusion, effectively reducing the taxable sales price for purchase, imported or leased equipment by 5%. This reduction was enacted by Act 1 of the 2004 First Extra Session of the Legislature, and is scheduled to be phased in over a six-year period. For full details, see http://www.revenue.louisiana.gov/forms/lawpolicies/RIB04012.pdf. (Revenue Information Bulletin No. 04-012: Policy Documents, June 23, 2004.)