MS SB2824

Amends Section 27-65-111 of the Mississippi Code to add "school supplies" to existing sales tax exemptions for clothing and footwear.

Exempts retail sales of school supplies priced under $100 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.

Defines "school supplies" as an all-inclusive list of 41 items commonly used by students, including binders, calculators, computers and tablets, pencils, pens, textbooks, notebooks, paper, markers, and writing tablets.

Excludes accessories (jewelry, handbags, watches, backpacks) and rental items from the exemption, consistent with existing clothing and footwear exemption provisions.

Effective July 1, 2015, and allows municipalities to suspend the exemption within their corporate limits by adopting a resolution and notifying the Department of Revenue at least 90 days in advance.