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Bill > SF748


MN SF748

MN SF748
Sales tax holiday on school supplies provision


summary

Introduced
01/30/2025
In Committee
01/30/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxes; sales and use; providing for a sales tax holiday on school supplies; amending Minnesota Statutes 2024, section 297A.67, by adding a subdivision.

AI Summary

This bill establishes a week-long sales tax holiday in Minnesota for certain school supplies and book bags, starting at 12:01 a.m. on July 31 and ending at 11:59 p.m. on August 6 each year. During this period, specific school-related items will be exempt from sales tax, including book bags priced at $60 or less and school supplies priced at $15 or less per item. The bill provides an extensive list of qualifying school supplies, which encompasses a wide range of items typically used by students, such as binders, calculators, notebooks, pencils, pens, scissors, and many others. The detailed list ensures clarity about what items are included in the tax holiday. This sales tax exemption is designed to help families save money on back-to-school purchases by reducing the cost of essential school items. The provision will become effective for sales and purchases made after June 30, 2025, giving retailers and consumers advance notice of the upcoming tax holiday.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Author added Gruenhagen (on 02/06/2025)

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