MS SB3007

Amends Mississippi Code Section 27-65-111 to exempt retail sales of school supplies from sales taxation during a period beginning at 12:01 a.m. on the last Friday in July and ending at 12:00 midnight the following Saturday.

Exemption applies only to school supplies with a sales price of less than $100.00, and includes 40 specific items such as binders, pencils, pens, notebooks, textbooks, markers, folders, calculators, lunch boxes, and art supplies.

Exemption does not apply to accessories including jewelry, handbags, luggage, wallets, watches, backpacks, garment bags, or items like skis, roller blades, and skates.

Allows municipalities to suspend the exemption within their corporate limits by adopting a resolution and providing notice to the Department of Revenue at least 90 days prior to the effective date.

Takes effect July 1, 2011.