LB865

Nebraska LB865 would exempt sales of child care supplies, clothing, footwear, and school supplies from sales tax for a limited period.

Nebraska LB865 would exempt sales of certain child care supplies, clothing, footwear, and school supplies from sales and use tax for a specific period. The exemption applies to items priced at $100 or less per item, sold between specific dates. The bill outlines rules for exchanges, returns, and layaway sales, ensuring that certain conditions are met for the exemption to apply. Retailers must report exempt sales to the Tax Commissioner. The exemption does not apply to items for business use, cell phones, and certain accessories. The act becomes operative on January 1, 2027.