Minnesota SF418 creates an annual tax holiday for school supplies.

Minnesota SF418 amends state statutes to establish an annual tax holiday for school supplies. This holiday exempts certain school supplies from sales tax for seven days before Labor Day. Supplies eligible for the tax exemption include pencils, pens, markers, crayons, glue, paper, notebooks, folders, binders, portfolios, note cards, rulers, calculators, textbooks, and reference books. The exemption applies to individual items valued at $20 or less.

Minnesota SF418 creates an annual tax holiday for school supplies.

Minnesota SF418 amends state statutes to establish an annual tax holiday for school supplies. This holiday exempts certain school supplies from sales tax for seven days before Labor Day. Supplies eligible for the tax exemption include pencils, pens, markers, crayons, glue, paper, notebooks, folders, binders, portfolios, note cards, rulers, calculators, textbooks, and reference books. The exemption applies to individual items valued at $20 or less.