Use tax: exemptions; use tax holiday for back-to-school clothing and school supplies; provide for. Amends 1937 PA 94 (MCL 205.91 - 205.111) by adding secs. 4kk & 20a.

This bill creates a temporary tax break for Michigan residents purchasing back-to-school items during a specific window in late August. It exempts the use tax on clothing under $100, school supplies under $20, and computers or computer supplies under $1,000 and $500 respectively, provided the items are bought between the third Saturday of August and the third Sunday. The law explicitly excludes accessories like jewelry and watches, as well as sports gear and protective equipment, from these savings. Additionally, the bill clarifies how discounts and layaway plans work during the holiday, ensuring that reduced prices still qualify for the exemption.