HB 5081 Summary

• Adds new subsection (xv) to the definition of "purchase price" allowing exclusion of delivery, installation, or similar charges from use tax if separately stated on invoices and taxpayer maintains separate books and records.

• Requires persons excluding delivery, installation, or similar charges under the new subsection to report those excluded amounts to the Department of Treasury to determine revenue lost to the state school aid fund.

• Modifies Section 21 to deposit revenue lost from the new delivery and installation charge exclusion into the state school aid fund, alongside existing deposits for other property tax exemptions and data center equipment exemptions.

• Clarifies definitions in Section 2 by replacing gender-specific pronouns with neutral language ("the person" instead of "he or she").

• Specifies that the new delivery and installation charge exclusion applies retroactively as a clarification of existing law to civil actions pending on the effective date.