Senate Bill No. 403 Summary

• Establishes a sales tax exemption for school instructional materials purchased during a two-day period beginning the second Wednesday in August through the following Thursday.

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

• Exemption applies only to items with a sales price not exceeding $500.

• Effective upon passage, with the Department of Revenue authorized to adopt implementing rules.