MS SB2956

Amends Mississippi Code Section 27-65-111 to exempt school supplies from sales tax during a two-day 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, including backpacks, notebooks, pencils, pens, paper, folders, calculators, art supplies, and textbooks.

Exemption 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.

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.

Effective July 1, 2019.