MS HB1257

Exempts retail sales of school supplies from state 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 per item.

Defines "school supplies" to include 41 specific items commonly used by students, including backpacks, binders, calculators, pencils, pens, notebooks, paper, folders, markers, and textbooks.

Allows municipalities to suspend the exemption within their corporate limits by adopting and filing a resolution with the Department of Revenue at least 90 days in advance.

Becomes effective July 1, 2014.