The bill amends Sections 44-18-7.1 and 44-18-30 of the General Laws concerning Sales and Use Taxes Liability and Computation. It introduces a new definition for "prosthetic device," which now includes "hair loss" as a condition addressed by such devices. The bill also specifies that scalp hair prostheses or wigs worn for hair loss due to a medical condition are exempt from sales tax.

Additionally, the bill clarifies existing tax exemptions for motor vehicles sold to bona fide nonresidents and maintains exemptions for durable medical equipment and educational organizations. It establishes a structured exemption system for commercial farming based on annual gross sales and introduces exemptions for feminine hygiene products and breast pump supplies, defining what is included and excluded. The legislation aims to modernize the tax framework while providing necessary relief for individuals with medical needs. The act would take effect upon passage.