HB 952 - This act establishes the Independence Day Sales Tax Holiday which, beginning January 1, 2009, authorizes an annual state sales and use tax exemption on the purchase of all tangible personal property and all taxable retail services rendered during the period of July fourth through July thirty-first. Retailers may offer a sales tax refund in lieu of the sales tax holiday when less than two percent of their sales qualify for the holiday. Any political subdivision may adopt an ordinance or order to opt into the holiday. The provisions of the act will expire December 31 six years from the effective date. The act contains an emergency clause. JASON ZAMKUS
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