SS/SCS/HCS/HB 64 - This act extends the current state and local sales and use tax holiday for certain clothing, personal computers, and school supplies purchased for personal use during a three-day period each August. This act changed the dollar amount for qualifying computer software purchases from two hundred to three hundred fifty dollars and for personal computers from two thousand to three thousand fifty dollars. The act does not apply to any retailer when less than 2% of the retailers's merchandise offered for sale qualifies for the sales tax holiday. For the 2005 sales tax holiday, the ability for local governments to opt out of the holiday is limited to those that opted out in 2004. However, any political subdivision may enact an ordinance to allow the 2005 sales tax holiday to apply to its local sales taxes. The political subdivision must notify the department of revenue not less than 45 calendar days prior to the beginning date of the sales tax holiday of any ordinance or order opting out or rescinding an order to opt out.
After the 2005 sales tax holiday, any political subdivision may adopt an ordinance or order to opt out of the holiday. After opting out, the subdivision may rescind the ordinance or order. Again, the political subdivision must notify the department of revenue not less than 45 calendar days prior to the beginning date of the sales tax holiday of any ordinance or order opting out or rescinding an order to opt out.
The act contains an emergency clause.
JASON ZAMKUS