Bill > H2564

This bill establishes a sales tax holiday for certain "ENERGY STAR products," which are items certified for energy efficiency by the U.S. Environmental Protection Agency, on August 13 and 14, 2015, meaning that an excise tax, or sales tax, would not be imposed on non-business sales of these products during those two days. The bill specifies that "ENERGY STAR products" are those clearly labeled as such and rated under the ENERGY STAR program, but it excludes items like telecommunications, tobacco, gas, steam, electricity, motor vehicles, motorboats, meals, and any single item costing over $2,500. Vendors are prohibited from collecting sales tax on these eligible items during the holiday period, and the commissioner of revenue is tasked with reporting the amount of sales tax forgone and any new revenue generated by the act. The bill also clarifies that standard reporting requirements for vendors remain in effect and that the sales tax holiday applies only to sales where possession is transferred or payment is made in full on August 13 or 14, 2015, excluding prior sales or layaway arrangements.