58.1-611.2 - Limited exemption for certain school supplies, clothing, and footwear. - Virginia Statutes

§ 58.1-611.2. Limited exemption for certain school supplies, clothing, andfootwear.

Beginning in 2006, for a three-day period that begins each year on the firstFriday in August and ends at midnight on the first Sunday in August, the taximposed by this chapter or pursuant to the authority granted in § 58.1-605 or58.1-606 shall not apply to certain (i) school supplies including, but notlimited to, dictionaries, notebooks, pens, pencils, notebook paper, andcalculators, and (ii) clothing and footwear designed to be worn on or aboutthe human body. The tax exemption shall apply to each article of schoolsupplies with a selling price of $20 or less, and each article of clothing orfootwear with a selling price of $100 or less. Any discount, coupon, or othercredit offered either by the retailer or by a vendor of the retailer toreduce the final price to the customer shall be taken into account indetermining the selling price for purposes of this exemption.

The Department shall develop guidelines that describe the items ofmerchandise that qualify for the exemption and make such guidelinesavailable, both electronically and in hard copy, no later than July 15 ofeach year.

(2006, cc. 579, 593.)