MS HB581

Amends Mississippi Code Section 27-65-111 to exempt school supplies from 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 the exemption only to school supplies with a sales price of less than $100.00, consistent with existing clothing and footwear exemptions during the same period.

Defines "school supplies" as an all-inclusive list of 41 items commonly used by students in coursework, including backpacks, binders, calculators, pencils, pens, paper, textbooks, and art supplies.

Permits 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 in advance.

Takes effect July 1, 2013.