IN HB1268

Establishes sales tax exemptions for school instructional materials purchased during two annual periods: the first weekend in August and the second weekend in January.

Defines "school instructional material" as written reference materials used by students, including reference books, maps, globes, textbooks, and workbooks.

Exempts sales of school instructional materials from Indiana state gross retail tax if the item costs $500 or less.

Applies to transactions occurring from 12:01 a.m. Saturday through 11:59 p.m. Sunday during the specified weekends in August and January.

Authorizes the Department of Revenue to adopt rules to implement the exemption, effective upon passage.