Introduced Version
HOUSE BILL No. 1073
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-2.5-5.
Synopsis: Sales tax exemption for college textbooks. Provides that
sales of textbooks are exempt from the state sales tax if: (1) the
textbooks are required for an undergraduate or graduate course at an
accredited college or university; and (2) the purchaser is a student
enrolled in an accredited college or university or the parent or guardian
of a student enrolled in an accredited college or university
Effective: July 1, 2008.
Micon
January 8, 2008, read first time and referred to Committee on Ways and Means.
Introduced
Second Regular Session 115th General Assembly (2008)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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NEW will appear in that style type in the introductory clause of each SECTION that adds
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HOUSE BILL No. 1073
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-2.5-5-26; (08)IN1073.1.1. -->
SECTION 1. IC 6-2.5-5-26 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2008]: Sec. 26. (a) Sales of tangible
personal property are exempt from the state gross retail tax, if:
(1) the seller is an organization that is described in section
21(b)(1) of this chapter;
(2) the organization makes the sale to make money to carry on a
not-for-profit purpose; and
(3) the organization does not make those sales during more than
thirty (30) days in a calendar year.
(b) Sales of tangible personal property are exempt from the state
gross retail tax, if:
(1) the seller is an organization described in section 21(b)(1) of
this chapter;
(2) the seller is not operated predominantly for social purposes;
(3) the property sold is designed and intended primarily either for
the organization's educational, cultural, or religious purposes, or
for improvement of the work skills or professional qualifications
of the organization's members; and
(4) the property sold is not designed or intended primarily for use
in carrying on a private or proprietary business.
(c) The exemption provided by this section does not apply to an
accredited college or university's sales of the following:
(1) Books other than textbooks exempt under section 43 of this
chapter.
(2) Stationery.
(3) Haberdashery.
(4) Supplies. or
(5) Other property.
SOURCE: IC 6-2.5-5-43; (08)IN1073.1.2. -->
SECTION 2. IC 6-2.5-5-43 IS ADDED TO THE INDIANA CODE
AS A
NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1, 2008]:
Sec. 43. Sales of textbooks are exempt from the state gross
retail tax if:
(1) the textbooks are required for an undergraduate or
graduate course at an accredited college or university; and
(2) the purchaser is:
(A) a student enrolled in an accredited college or
university; or
(B) the parent or guardian of a student enrolled in an
accredited college or university.