HF 2045 (LSB 5288YH (3) 83)

HOUSE FILE 2045

BY  WAGNER

A BILL FOR

An Act creating a sales tax exemption for general school supplies purchased during a certain time period.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 423.3, Code Supplement 2009, is amended by adding the following new subsection:
   NEW SUBSECTION.  68A.  The sales price from the sale of general school supplies when the sale takes place during a period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the following Saturday.
EXPLANATION
   This bill creates a sales tax exemption from the sale of general school supplies when the sale takes place during the first Friday and Saturday of August each year.