MS HB215

Exempts retail sales of school supplies priced under $50 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.

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

Allows municipalities to suspend the exemption within their corporate limits by adopting a resolution and notifying the Department of Revenue at least 90 days before the suspension takes effect (effective January 1, 2019).

Maintains all existing sales tax claims, assessments, appeals, and collection proceedings that accrued before July 1, 2018.

Takes effect July 1, 2018.