Bill > S1449

This bill establishes an annual two-day sales tax holiday during the second week of August, during which non-business retail sales of most tangible personal property, excluding items like telecommunications, tobacco, motor vehicles, and items over $2,500, would be exempt from sales tax; it also reduces the general sales tax rate from 6.25% to 5% effective January 1, 2015, and revises the tax collection formula for sales tax to align with the new 5% rate.