HB 26-1048

HB 26-1048, also known as the Back-to-School Sales Tax Holiday bill, creates a special weekend in late July each year from 2027 to 2029 where certain school-related items are tax-free. This includes clothing up to $100, school supplies up to $50, and learning aids up to $30 for individuals under 21 years old. The bill allows local governments to also offer this tax break during the same period. Since it has been signed into law, shoppers can look forward to these tax-free weekends starting in 2027.

Official Summary

Section 1 of the bill creates a time-limited state sales and use tax exemption (tax holiday) for back-to-school items. The tax holiday applies to the last weekend of July 2027 and reoccurs at approximately the same time in 2028 and 2029. A "back-to-school item" means an article of clothing, a school supply, or a learning aid that is purchased primarily for use by an individual who is under 21 years old. The exemption for each item is limited by cost as follows:$100 for an article of clothing;$50 for a school supply; and$30 for a learning aid. Section 2 permits a town, city, or county to create a tax holiday for back-to-school items that is identical to the state tax holiday.(Note: This summary applies to this bill as introduced.)

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