HB12: Retail Sales and Use Tax; exemptions include certain school-related items.

Chief Patron

Del. Chris Jones (R-76)

Status

Bill is Dead

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Summary

Sales and use tax exemption; school supplies, clothing, and footwear.  Provides a sales and use tax exemption for certain school supplies, clothing, and footwear purchased during a four-day period each year beginning on the first Thursday in August, beginning in 2006. The exempt items are the following: each article of school supplies with a selling price of $20 or less and each article of clothing or footwear with a selling price of $100 or less. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner.   View Full Text »