HB 1357 Summary

• Exempts sales of textbooks from Indiana state gross retail tax if textbooks are required for an undergraduate course at an accredited college or university.

• Limits the exemption to purchases by students enrolled in accredited colleges or universities, or their parents or guardians.

• Clarifies that the exemption for nonprofit organization sales does not apply to colleges' sales of books other than eligible textbooks, stationery, haberdashery, supplies, or other property.

• Becomes effective July 1, 2012.