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IN HB1204

Bill

Official Source

Status

Introduced

1/13/2015

Primary Sponsor

Lloyd Arnold

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Establishes an annual sales tax holiday from 12:01 a.m. on August 1 through 11:59 p.m. on August 14 each year in Indiana
  • Exempts school instructional materials from state gross retail tax during the holiday period if the individual item price does not exceed $500
  • Defines "school instructional material" as written materials commonly used by students for learning, including reference books, reference maps and globes, textbooks, and workbooks
  • Authorizes the department to adopt rules under IC 4-22-2 to implement the tax holiday
  • Effective date: July 1, 2015

Legislative Description

School supply tax holiday. Provides a sales tax exemption for school instructional materials that are purchased during the first two weeks in August, if the sales price of the item of school instructional material does not exceed $500.

Last Action

Representative Moed added as coauthor

1/15/2015

Committee Referrals

Ways and Means1/13/2015

Full Bill Text

No bill text available