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2005 SESSION

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HB 1878 Retail Sales and Use Tax; exemptions for certain school-related items.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax exemption; school-related items.  Beginning in 2005, provides a sales and use tax exemption for certain school-related items purchased during a specific one-week period during the end of August each year. The exempt items are: (i) school supplies, footwear, and clothing where the selling price of each item is $100 or less; (ii) computer systems where the selling price for each system is $1,500 or less; and (iii) computers, computer hardware, computer software, and portable calculators where the selling price for each item is $500 or less. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchaser of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner.


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