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OK HB2721
Bill
Status
2/6/2012
Primary Sponsor
Scott Inman
Click for details
AI Summary
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Expands sales tax holiday exemption to include school supplies (defined as #2 pencils, pencil cases, loose-leaf paper, pocket folders, crayons, pencil crayons, erasers, glue, glue sticks and scissors) in addition to clothing and footwear
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Reduces price threshold for exempt articles from $100.00 to $75.00 per item
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Maintains 3-day tax-free period beginning first Friday in August through following Sunday
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Prohibits exemption for athletic/protective clothing, accessories, certain apparel items (aprons, bathing suits, costumes, lab coats, wedding apparel, etc.), and rental of clothing or footwear
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Effective July 1, 2012, with emergency clause for immediate effect upon passage and approval
Legislative Description
Revenue and taxation; modifying sales tax holiday; effective date; emergency.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/7/2012