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AR HB1369
Bill
Status
Passed
3/29/2011
Primary Sponsor
Matthew Shepherd
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AI Summary
- Establishes annual sales tax holiday from 12:01 a.m. the first Saturday in August through 11:59 p.m. the following Sunday for school-related purchases
- Exempts clothing priced under $100 and clothing accessories or equipment priced under $50 from gross receipts and compensating use taxes
- Exempts school supplies, school art supplies, and school instructional materials from gross receipts and compensating use taxes during the holiday period
- Directs the Department of Finance and Administration to promulgate rules implementing the tax holiday
- Declares an emergency and establishes June 1, 2011 as the effective date to allow families to benefit from the exemption before the upcoming school year
Legislative Description
To Create A Sales Tax Holiday For Clothing, Clothing Accessories Or Equipment, School Supplies, School Art Supplies, And School Instructional Material
Last Action
House Notification that HB1369 is now Act 757
3/29/2011
Committee Referrals
Revenue & Taxation2/23/2011
Revenue and Taxation2/9/2011
Full Bill Text
No bill text available