This bill proposes an amendment to Minnesota Statutes 2024, section 297A.68, by adding a new subdivision that establishes an annual tax holiday for school supplies. The tax holiday will occur during the seven days leading up to Labor Day, during which school supplies valued at a specified amount will be exempt from sales tax. The bill defines "school supplies" to include a variety of items such as pencils, notebooks, calculators, and book bags, while explicitly excluding certain products like stationery not used for school work and backpacks designed for hiking.

Additionally, the bill specifies that this tax holiday will take effect for sales and purchases made after June 30, 2025. This initiative aims to provide financial relief to families preparing for the school year by reducing the cost of essential school supplies.

Statutes affected:
Introduction: 297A.68