NE LB865

Creates an annual sales tax holiday on the last weekend of July (Friday 12:01 a.m. through Sunday 11:59 p.m.) for child care supplies, clothing, footwear, and school supplies priced at $100 or less per item

Child care supplies eligible for exemption include baby monitors, cribs, bassinets, high chairs, strollers, car seats, safety gates, changing tables, diapers, baby wipes, and related infant/child safety equipment

School supplies eligible for exemption include backpacks, notebooks, pens, pencils, calculators, textbooks, art supplies, rulers, scissors, lunch boxes, and other classroom materials

Excludes from exemption: items for business use, cell phones, computers, computer software, clothing accessories (jewelry, watches, luggage, handbags), and sports/recreational equipment

Becomes operative January 1, 2027, and requires retailers to report exempt sales amounts to the Tax Commissioner on their sales and use tax returns