The bill amends the General Sales Tax Act of 1933 by updating Section 4a to clarify and expand the list of exemptions from sales tax. Notable insertions include exemptions for sales of tangible personal property to nonprofit organizations, such as schools and hospitals, as well as specific provisions for parent cooperative preschools. The bill also introduces new exemptions for feminine hygiene products and portable generators, while maintaining existing exemptions for agricultural equipment and services. Additionally, it specifies that the exemptions are applicable only to the extent that the property is used for the stated exempt purposes.

The bill also outlines the limitations of these exemptions, particularly regarding the use of tangible personal property for personal living or consumption, and clarifies definitions related to agricultural terms. The amendments are intended to be retroactive, applying to all periods open under the relevant law, but do not apply to refund claims filed before April 9, 2018. The enactment of this bill will take effect 90 days after it is signed into law.

Statutes affected:
Senate Introduced Bill: 205.54