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IN HB1063
Bill
Status
Introduced
1/4/2017
Primary Sponsor
Gregory Steuerwald
Click for details
AI Summary
- Establishes an annual sales tax holiday running from the second Friday of July through the following Sunday, beginning in July 2017 and continuing through July 2018.
- Exempts clothing items priced at $75 or less from state gross retail tax during the holiday, including apparel such as coats, pants, shirts, footwear, and accessories.
- Exempts school supplies, school art supplies, and school instructional materials priced at $15 or less from state gross retail tax, including items such as binders, calculators, pencils, notebooks, paints, and textbooks.
- Authorizes the Department of Revenue to adopt rules, including emergency rules, to implement the sales tax holiday.
- Expires July 1, 2019, making the holiday a temporary two-year measure.
Legislative Description
Sales tax holiday. Provides a sales and use tax exemption each year beginning on the second Friday of July 2017 and July 2018 through the following Sundays (sales tax holiday) for the following items: (1) Clothing, if the sales price does not exceed $75. (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 Streamlined Sales and Use Tax Agreement.
Last Action
Representatives Arnold and Porter added as coauthors
1/10/2017
Committee Referrals
Ways and Means1/4/2017
Full Bill Text
No bill text available