The bill discussed is a legislative proposal in Minnesota to exempt all school supplies from sales and use tax. It amends a specific section of the state statutes to classify items such as binders, calculators, notebooks, crayons, and even book bags (priced $60 or less) as tax-exempt when used for school purposes. Some items like general stationery, wrapping paper, and non-school backpacks remain taxable. This change aims to reduce the cost burden on families purchasing school-related materials.