HB 24-1018

House Bill 24-1018, which has been signed into law, exempts college textbooks from state sales and use taxes starting July 1, 2024. This means that students will no longer have to pay tax when buying textbooks. Counties or cities can choose whether they want to apply this exemption locally as well. The bill is now law and will provide financial relief for students purchasing educational materials.

Official Summary

The bill creates a state sales and use tax exemption commencing on July 1, 2024, for all sales, storage, use, and consumption of college textbooks. The bill allows a county or municipality to choose to adopt the exemption by express inclusion in its sales and use tax ordinance or resolution. (Note: This summary applies to this bill as introduced.)