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2005 SESSION

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SB 946 Retail Sales and Use Tax; exemptions include school supplies, clothing, footwear and computers.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax exemption; school supplies, clothing and footwear, and computers. Provides a sales and use tax exemption for certain school supplies, clothing and footwear, and computers purchased during a four-day period each year beginning on the Friday before the first Monday in September. The exempt items are: each article of school supplies with a selling price of $20 or less, each article of clothing or footwear with a selling price of $100 or less, and each article of computers or related peripheral equipment with a selling price of $1,500 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 purchasers 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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