12100195D
HOUSE BILL NO. 565
Offered January 11, 2012
Prefiled January 10, 2012
A BILL to amend and reenact §58.1-611.2 of the Code of
Virginia, relating to limited sales and use tax exemption for computers.
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Patrons-- Marshall, D.W. and Merricks
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Referred to Committee on Finance
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Be it enacted by the General Assembly of Virginia:
1. That §58.1-611.2 of the Code of Virginia is amended
and reenacted as follows:
§58.1-611.2. Limited exemption for certain school supplies,
clothing, footwear, and computer equipment.
Beginning in 2006,
for For a
three-day period that begins each year on the first Friday in August and ends
at midnight on the first Sunday in August, the tax imposed by this chapter or
pursuant to the authority granted in §58.1-605 or 58.1-606 shall not apply to
certain (i) school supplies including, but not limited to, dictionaries,
notebooks, pens, pencils, notebook paper, and calculators, and; (ii) clothing and footwear
designed to be worn on or about the human body; and (iii) personal
computers and related
equipment for personal use. For purposes of
this section, "related
equipment" means monitors, keyboards, and mice.
The tax exemption shall apply to each article of school supplies with a selling
price of $20 or less, and
each article of clothing or footwear with a selling price of $100 or less, and each computer
together with related
equipment with a combined selling price of $3,500 or less. The related computer equipment must be purchased at the same time as the
computer is purchased to qualify for the
exemption. Any discount, coupon, or other credit offered
either by the retailer or by a vendor of the retailer to reduce the final price
to the customer shall be taken into account in determining the selling price
for purposes of this exemption.
The Department shall develop guidelines that describe the
items of merchandise that qualify for the exemption and make such guidelines
available, both electronically and in hard copy, no later than July 15 of each
year.
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