Michigan House Considers Sales Tax Holiday for October 2015
- Sales Tax News
- Sep 18, 2015 | Gail Cole
A sales tax holiday for clothing and school supplies is under consideration in the Michigan House. If approved as written, the tax-free period would run twice annually, on the third Saturday of August and the third Saturday of October.
House Bill 4865 is on an ambitious timeline. Introduced on September 16, 2015, it seeks to hold the first sales tax holiday on October 17, 2015.
The measure would exempt from sales tax the following items:
- Clothing costing $75.00 or less
- School supplies costing $15.00 or less
The following items would not be exempt:
- Clothing accessories or equipment
- Protective, sport or recreational equipment
- Any item sold for use in a trade or business
To date, there have been more than two-dozen sales tax holidays in 2015. Retailers should have a system in place to account for them. Learn how automated sales tax software (SaaS) works.