The bill proposes an amendment to Minnesota Statutes 2022, section 297A.67, to provide a sales and use tax exemption for all school supplies. A new subdivision, Subd. 41, is added to define "school supplies" and includes a comprehensive list of items such as binders, calculators, crayons, notebooks, and book bags priced at $60 or less. The bill specifies that certain items, such as paper products not primarily used for school work and backpacks designed for hiking or camping, do not qualify for the exemption.

Additionally, the bill establishes that the exemption will be effective for sales and purchases made after June 30, 2024. This legislation aims to alleviate the financial burden on families by making essential school supplies more affordable.

Statutes affected:
Introduction: 297A.67