SF748

The bill, SF No 748, proposes to create a sales tax holiday in Minnesota for a period of one week from July 31 to August 6 each year. During this time, certain school supplies will be exempt from the state sales tax. The items eligible for this tax-exempt status include book bags priced at $60 or less, and school supplies that cost $15 or less per item. The list of eligible school supplies includes items such as binders, notebooks, crayons, erasers, and pencils, among other typical school necessities. This tax holiday is aimed at reducing the cost burden on families preparing for the school year.