NY A05912

Exempts school supplies and items commonly used by students in courses of study from sales tax, including book bags, textbooks, pens, pencils, highlighters, crayons, markers, erasers, index cards, paper, notebooks, binders, folders, scissors, rulers, and calculators, with a per-item price limit of under $110.

Limits the exemption to a 15-day period each year commencing on the 15th day before Labor Day and ending on Labor Day.

Allows cities with one million or more residents to optionally provide the school supplies exemption, with any local law implementing or repealing it applicable only during the specified 15-day Labor Day period.

Requires smaller cities, counties, and school districts to omit the school supplies exemption from local sales taxes unless they elect otherwise.

Takes effect immediately and applies to taxable periods beginning on or after August 1 in the year following enactment.