Bill > LB848

This bill creates a sales tax holiday in Nebraska for a three-day period each year, starting on the first Friday in August, during which certain items will be exempt from state and local sales and use taxes. Specifically, clothing items with a taxable value of $100 or less, school supplies costing $50 or less per purchase, computer software up to $350, graphing calculators up to $150, and personal computers or their peripheral devices up to $1,500 will be tax-free for personal use. The bill defines "clothing" to include items worn on the body, such as footwear and disposable diapers, but excludes accessories like watches and jewelry, and "personal computers" to encompass desktop or laptop systems and associated devices. "School supplies" are defined as items typically used in a classroom for education, including textbooks, notebooks, and art supplies, but exclude items like radios, phones, and office equipment; however, computer software and graphing calculators meeting specific price thresholds are included within the school supplies definition for this exemption. The bill also outlines rules for layaway sales, discounts, items not in stock during the holiday, and exchanges or returns of items purchased during the exemption period, with an operative date of January 1, 2027.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63054