The bill proposes the introduction of a sales tax holiday specifically for firearms in South Dakota. It establishes a new section in chapter 10-45 that exempts the gross receipts from the sale of firearms, as defined in existing law, from sales tax starting December 1st of each year.

This legislation aims to encourage the purchase of firearms by eliminating the sales tax on these transactions during the specified period, thereby potentially increasing sales and benefiting both consumers and retailers in the firearms industry.