The state of Louisiana, already cash-starved because of lost residents and businesses, waived sales taxes for all holiday shoppers this weekend. Items under $2,500 were exempt from the state's four percent tax for three days, ending today.

The promotion is similar to the back-to-school tax holidays sponsored by some states but this one applies to the holiday season. Lawmakers approved the legislation last month in a special legislative session.

The Associated Press reports the promotion could cost the state as much as $10 million in revenue. Supporters say many large purchases such as refrigerators and furniture could come about because of the sale and stimulate sagging businesses.

The local parishes, whose budgets were hardest hit by the hurricane, will continue to collect their sales taxes which are another five or six percent.

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