MN SF708

Creates a seven-day tax holiday for school supplies prior to Labor Day when individual items are valued at a specified amount or less for sales tax purposes.

Defines "school supplies" to include pencils, pens, markers, crayons, glue, paper products, notebooks, folders, binders, calculators, textbooks, music books, book bags, and lunch boxes.

Excludes stationery, wrapping paper, certain adhesive products, and backpacks designed primarily for hiking or camping from the definition of school supplies.

Amends Minnesota Statutes 2022, section 297A.68, by adding a new subdivision.

Effective for sales and purchases made after June 30, 2023.