MS SB2854

Exempts retail sales of 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 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 40 items commonly used by students in coursework, including binders, calculators, notebooks, pencils, pens, paper, textbooks, markers, glue, scissors, and similar classroom materials.

Allows municipalities to suspend the application of this exemption within their corporate limits by adoption of a resolution, with 90 days' notice to the Department of Revenue.

Takes effect July 1, 2016.