MS HB1593

Exempts retail sales of school supplies from sales tax during a period beginning at 12:01 a.m. on the last Friday in August and ending at 12:00 midnight the following Saturday, provided the sales price is less than $100.00 per item.

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

Allows municipalities to suspend the exemption within their corporate limits by adopting a resolution and providing written notice to the Department of Revenue at least 90 days in advance, effective January 1, 2016.

Amends Section 27-65-111 of the Mississippi Code of 1972 to add the school supplies exemption as subsection (oo).

Takes effect July 1, 2015.