The bill amends Sections 44-18-7.1 and 44-18-30 of the General Laws in Chapter 44-18, which governs "Sales and Use Taxes Liability and Computation." It introduces new definitions related to sales and use tax, including a significant addition to the definition of "prosthetic device," which now encompasses devices addressing "hair loss."

The bill also clarifies criteria for exemptions from sales and use taxes, specifically introducing a new exemption for "scalp hair prostheses or wigs worn for hair loss when recommended by a physician to treat a medical condition." This addition aims to ensure that individuals experiencing hair loss due to medical conditions can access necessary items without the burden of sales tax.

Additionally, the bill maintains existing exemptions for durable medical equipment and outlines a structured exemption system for commercial farming based on annual gross sales. Other exemptions include those for feminine hygiene products, breast pump supplies, and specific educational and agricultural items.

The legislation is designed to enhance clarity in the tax code and is set to take effect immediately upon passage.