S.2603

Provides sales and use tax exemption for sales of books at school book fairs.

The bill provides a sales and use tax exemption for sales of books at school book fairs. It defines a "school book fair" as a fair held at an elementary or secondary school, where the sale of books is offered exclusively to students at that school and their parents and guardians. The tax exemption applies to receipts from these sales under the "Sales and Use Tax Act." The bill will take effect on the first day of the fourth month following its enactment.