S.B. 303 Summary

• Establishes a three-day sales tax exemption occurring on the first Friday in April and the following Saturday and Sunday each year for qualifying Energy Star products.

• Defines "qualifying energy star product" as devices carrying the Energy Star label meeting efficiency criteria established by the U.S. Department of Energy and Environmental Protection Agency and categorized as appliances or heating and cooling equipment.

• Excludes from the exemption rented devices, those purchased for use in trade or business, and devices purchased for installation on behalf of the ultimate consumer.

• Requires the Tax Commissioner to adopt rules implementing the exemption periods and to provide informational bulletins to vendors before each exemption period.

• A sale qualifies for the exemption if the purchaser paid during the specified three-day period and did not request delayed shipment or delivery.