S.4624

Reduces sales tax by 50% for certain sales in Highlands Region Preservation Area municipalities.

This bill provides a 50% sales and use tax exemption for retail sales in municipalities where 99% or more of the area is within the Highlands Region preservation area. The exemption applies to sales made by sellers from a place of business located within these municipalities, excluding sales of motor vehicles, alcoholic beverages, digital products, and cigarettes. The intent is to support the local economic base, preserve retail establishments, and retain jobs in these preservation areas.