This bill proposes amendments to current law regarding sales and use tax exemptions. It adds exemptions for certain gross receipts from the sale and storage of tangible personal property that the state is prohibited from taxing under the Constitution, as well as exemptions for newspapers, school meals, containers, charitable, educational, and religious organizations, gasoline, and purchases for manufacturing purposes. The bill also defines "newspaper" and "returnable containers" for the purposes of these exemptions.

The bill also adds exemptions for food and food ingredients, medicines, drugs, durable medical equipment, prosthetic devices, mobility enhancing equipment, coffins, caskets, urns, shrouds, and burial garments, motor vehicles sold to nonresidents, sales in public buildings by blind people, air and water pollution control facilities, camps, certain institutions, educational institutions, and motor vehicles and adaptive equipment for persons with disabilities. The bill specifies the conditions under which these exemptions apply.

Additionally, the bill proposes new exemptions for the sale of special adaptations for wheelchair accessible taxicabs and public motor vehicles, the sale and use of heating fuels, electricity, and gas, the trade-in value of motor vehicles, the sale and use of precious metal bullion, sales made to commercial vessels and commercial fishing vessels, and the repair, alteration, or conversion of these vessels. The bill also increases the exemption for clothing and footwear sales from $250 to an unlimited amount, effective upon the passage of a federal law authorizing states to require remote sellers to collect and remit sales and use taxes.

Statutes affected:
217: 44-18-30