Senate Bill 606 proposes a sales and use tax exemption for specific items related to firearms and archery. The bill amends existing statutes to include a new exemption under section 77.54 (76) for the sale of firearms, bows and arrows for archery, crossbows, and ammunition sold on July 4 and during the third week of December. Additionally, it updates sections 77.52 (13) and 77.53 (10) to include this new exemption in the list of items that do not require a certificate for tax exemption.
The bill aims to encourage the purchase of these items during designated times of the year by eliminating the sales tax, thereby potentially boosting sales for retailers in the firearms and archery sectors. The effective date of the act is set for the first day of the third month following its publication.
Statutes affected: Bill Text: 77.52(13), 77.52, 77.53(10), 77.53