MI HB4222

Establishes an annual sales tax holiday from 12:01 a.m. on the third Saturday of August through 11:59 p.m. on the third Sunday of August each year.

Exempts from sales tax during the holiday period: clothing items priced at $100 or less per item, school supplies priced at $20 or less per item, computers for noncommercial use priced at $1,000 or less, and school computer supplies priced at $500 or less per item.

Excludes from the exemption: clothing accessories, sport or recreational equipment, protective equipment, items for trade or business use, and furniture.

Requires the Department to provide at least 60 days' advance notice before the exemption period begins.

Establishes detailed rules for applying the exemption to layaway sales, discounts, rain checks, exchanges, and returns, including allocation methods for delivery charges and documentation requirements for tax refunds on returned items.