Bill Text: IN HB1359 | 2012 | Regular Session | Introduced

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Bill Title: Sales tax holiday.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2012-01-11 - First reading: referred to Committee on Ways and Means [HB1359 Detail]

Download: Indiana-2012-HB1359-Introduced.html

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Introduced Version

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HOUSE BILL No. 1359

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DIGEST OF INTRODUCED BILL

Citations Affected: IC 6-2.5-5-45.

Synopsis: Sales tax holiday. Provides a sales tax exemption for school instructional material that is purchased during the three day period from the third Friday in August through the following Sunday.

Effective: April 1, 2012 (retroactive).

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Kubacki, Heuer

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    January 10, 2012, read first time and referred to Committee on Ways and Means.

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Introduced

Second Regular Session 117th General Assembly (2012)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.

HOUSE BILL No. 1359

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    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-2.5-5-45; (12)IN1359.1.1. -->     SECTION 1. IC 6-2.5-5-45 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE APRIL 1, 2012 (RETROACTIVE)]: Sec. 45. (a) This section applies to transactions occurring during the three (3) day period beginning at 12:01 a.m. on the third Friday in August and ending at 11:59 p.m. on the following Sunday.
    (b) As used in this section, "school instructional material" means written material commonly used by a student in a course of study as a reference and to learn the subject being taught. The term is limited to the following:
        (1) Reference books.
        (2) Reference maps and globes.
        (3) Textbooks.
        (4) Workbooks.
    (c) Sales of school instructional material are exempt from the state gross retail tax during the period described in subsection (a).
    (d) The department may adopt rules under IC 4-22-2 and

guidelines to implement this section. This section shall be implemented in a manner consistent with the provisions of the Streamlined Sales and Use Tax Agreement, including, but not limited to, matters related to layaway sales, rain checks, returns, and exchanges.

SOURCE: ; (12)IN1359.1.2. -->     SECTION 2. An emergency is declared for this act.