The bill amends Section 44-18-30 of the General Laws in Chapter 44-18, focusing on sales and use tax exemptions. It introduces a new sales tax exemption for eligible school supplies purchased within one week prior to the commencement of the academic year for public and private schools. This exemption applies to items costing less than thirty dollars ($30.00) and includes various school supplies such as binders, folders, notebooks, stationery, writing implements, backpacks, and lunch boxes.

Additionally, the bill specifies that participation in this exemption is optional for businesses whose gross sales of eligible items were less than five percent (5%) of total sales in the prior calendar year. The act is set to take effect upon passage.

Statutes affected:
435: 44-18-30