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2005 SESSION

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057225232
HOUSE BILL NO. 2269 Offered January 12, 2005 Prefiled January 11, 2005 A BILL to amend the Code of Virginia by adding a section numbered 58.1-611.2, relating to a limited sales and use tax exemption for school-related items. ---------- Patrons-- Bell and Lingamfelter ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 58.1-611.2 as follows:

§ 58.1-611.2. Limited exemption for certain school-related items.

Beginning in 2005, for a seven-day period that begins each year on the Monday 14 days before the first Monday in September and ends at midnight on the following Sunday, the tax imposed by this chapter or pursuant the authority granted in § 58.1-605 or 58.1-606 shall not apply to (i) school supplies, or clothing and footwear designed to be worn on or about the human body, provided that the selling price of each article is $100 or less; (ii) computer systems, provided that the selling price of each system is $1,500 or less; or (iii) computers, computer hardware, computer software, or portable or handheld calculators, provided that the selling price of each item is $500 or less. Any discount, coupon, or other credit offered either by the retailer or by a vendor of the retailer to reduce the final price to the customer shall be taken into account in determining the selling price for purposes of this exemption. Notwithstanding the foregoing, this exemption shall not apply to any purchase made in a theme park.

The Department shall develop guidelines that describe the items of merchandise that qualify for the exemption and make the guidelines available, both electronically and in hard copy, no later than August 1 of each year.