HB 5080 Summary

• Adds a new exclusion from sales tax for delivery, installation, and similar charges if separately stated on invoices and the seller maintains separate transaction records.

• Clarifies that delivery and installation charges are excluded from "sales price" for sales tax purposes when properly documented and recorded.

• Requires persons claiming the delivery/installation exclusion to report excluded charges to the Department of Treasury so revenue lost to the state school aid fund can be calculated and deposited.

• Removes outdated reference language about the state school aid fund from the state constitution and clarifies that deposits to the school aid fund are in addition to existing distributions.

• Specifies this amendment is remedial in nature and applies to pending civil actions, clarifying the current legal status of delivery and installation charge exclusions.