SB1610 Summary

• Establishes a sales tax holiday on school supplies from August 5, 2023 through August 14, 2023, during which qualifying items are taxed at 1.25% instead of the standard 6.25% rate.

• Defines "school supplies" to include items such as binders, calculators, paper, pencils, pens, notebooks, folders, and writing tablets used by students in courses of study, excluding art supplies, instructional materials, and computer equipment.

• Amends the Use Tax Act, Retailers' Occupation Tax Act, and State Finance Act to implement the holiday and adjust revenue distributions to local governments and state funds accordingly.

• Clarifies that the sales tax holiday period applies during the defined August 2023 window, replacing previous specific date references from prior years (2010 and 2022).

• Takes effect immediately upon becoming law.