Introduced Version




Citations Affected: IC 6-2.5-5-45.

Synopsis: Textbook sales tax holiday. Provides a sales tax exemption for school instructional materials that are purchased during the first weekend in August and the second weekend in January.

Effective: Upon passage.


    January 9, 2012, read first time and referred to Committee on Ways and Means.


Second Regular Session 117th General Assembly (2012)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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    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 6-2.5-5-45; (12)IN1268.1.1. -->     SECTION 1. IC 6-2.5-5-45 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 45. (a) This section applies to transactions occurring during the following periods:
        (1) The period:
            (A) beginning at 12:01 a.m. on the first Saturday in August; and
            (B) ending at 11:59 p.m. on the following Sunday.
        (2) The period:
            (A) beginning at 12:01 a.m. on the second Saturday in January; and
            (B) ending at 11:59 p.m. on the following Sunday.
    (b) As used in this section, "school instructional material" means written material commonly used by a student in a course of study as a reference and to learn the subject being taught. The term is limited to the following:
        (1) Reference books.
        (2) Reference maps and globes.
        (3) Textbooks.
        (4) Workbooks.
    (c) A sale of school instructional material is exempt from the state gross retail tax during a period to which this section applies, if the sales price of the item of school instructional material does not exceed five hundred dollars ($500).
    (d) The department may adopt rules under IC 4-22-2 to implement this section.

SOURCE: ; (12)IN1268.1.2. -->     SECTION 2. An emergency is declared for this act.