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IN HB1536

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Gregory Steuerwald

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Creates annual sales tax holiday running from the second Friday of August through the following Sunday beginning in 2015 and 2016
  • Exempts clothing items priced at $100 or less from state gross retail tax during the holiday period
  • Exempts school supplies, school art supplies, and school instructional materials priced at $15 or less from state gross retail tax during the holiday period
  • Defines eligible items using categories from the May 24, 2012 Streamlined Sales and Use Tax Agreement, including specific clothing types (bathing caps, belts, coats, dresses, footwear, gloves, hats, neckties, pants, scarves, shirts, skirts, socks, undergarments, uniforms) and school supplies (binders, calculators, pencils, notebooks, paper, markers, scissors, and similar items)
  • Expires July 1, 2017

Legislative Description

Sales tax holiday. Provides a sales and use tax exemption each year beginning on the second Friday of August 2015 and August 2016 through the following Sundays (sales tax holiday) for the following items: (1) Clothing, if the sales price does not exceed $100. (2) A school supply, school art supply, or school instructional material, if the sales price does not exceed $15. Incorporates the definitions of these items as set forth in the May 24, 2012, Streamlined Sales and Use Tax Agreement.

Last Action

First Reading: referred to Committee on Ways and Means

1/20/2015

Committee Referrals

Ways and Means1/20/2015

Full Bill Text

No bill text available