This bill makes amendments to current law regarding sales and use tax liability and computation. It adds new definitions for terms such as "Agreement" and "Alcoholic beverages." It also provides definitions and clarifications for terms related to sales and use taxes in various scenarios. The bill also adds a new section that exempts certain gross receipts from sales and use taxes, including sales and uses beyond the constitutional power of the state, newspapers, school meals, containers, and tangible personal property sold to charitable, educational, and religious organizations.

This bill proposes several amendments to current law regarding sales and use tax exemptions. It adds exemptions for the sale and storage of precious metal bullion, clothing and footwear, and various other items such as commercial vessels, farm equipment, and flags. It also includes exemptions for motor vehicles and adaptive equipment for veterans with disabilities, textbooks sold to educational institutions, and tangible personal property and supplies used in hazardous waste recycling. The bill also exempts certain items from being considered "breast pump collection and storage supplies" for the purposes of sales tax and exempts the trade-in value of motorcycles from sales tax.