House Bill 1125 Summary

• Exempts retail sales of school supplies from Mississippi sales tax during a period beginning at 12:01 a.m. on the last Friday in July and ending at 12:00 midnight the following Saturday.

• Applies only to school supplies with a sales price of less than $50.00 per item.

• Provides an all-inclusive list of 41 qualifying school supply items including backpacks, binders, calculators, pencils, pens, notebooks, paper, folders, markers, textbooks, and other commonly used classroom materials.

• Allows municipalities to suspend the application of this exemption within their corporate limits by adopting a resolution and providing notice to the Department of Revenue at least 90 days before the suspension takes effect (effective January 1, 2014).

• Takes effect July 1, 2013.