This bill amends the Use Tax Act to introduce a new section, 14c, which establishes a refund mechanism for purchasers of eligible back-to-school property. The refund applies to purchases made between August 8th and August 24th of designated years, allowing buyers to claim a refund for the use tax paid on qualifying items. To be eligible for the refund, purchasers must meet specific conditions, including submitting a claim within 30 days of purchase, providing accurate purchase records, and ensuring that the items purchased fall within defined price limits for clothing and school supplies. The bill also outlines the criteria for determining eligible back-to-school property and the handling of discounts and returns.

Additionally, the bill modifies section 21 of the Use Tax Act to stipulate that a portion of the tax collected from eligible back-to-school property will be deposited into a newly created back-to-school rebate fund. This fund is intended to support the refund process for qualifying purchases made during the specified time frame. The bill also includes various definitions related to eligible items, such as clothing, school supplies, and protective equipment, while clarifying the responsibilities of sellers regarding tax remittance and refund claims. Overall, the legislation aims to provide financial relief to families purchasing back-to-school items while ensuring compliance with tax regulations.

Statutes affected:
Senate Introduced Bill: 205.111