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IN HB1314

Bill

Official Source

Status

Introduced

1/11/2012

Primary Sponsor

Randy Truitt

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Creates a sales tax exemption for school instructional materials during two annual three-day holiday periods: the first Friday through Sunday in January and the second Friday through Sunday in August

  • Defines eligible "school instructional material" as reference books, reference maps and globes, textbooks, and workbooks used by students in courses of study

  • Limits the exemption to individual items priced at $500 or less

  • Authorizes the Department of Revenue to adopt rules for implementation

  • Declared an emergency measure, taking effect immediately upon passage

Legislative Description

School instructional material sales tax holiday.

Last Action

First reading: referred to Committee on Ways and Means

1/11/2012

Full Bill Text

No bill text available