Relating to taxation of sales of certain high-value property; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.

Imposes sales and use taxes on sales of works of art, collectible objects and furniture having sales prices of $100,000 or more. Provides that sales and use taxes are liability of purchaser, though seller may be required to collect taxes. Directs Department of Revenue to adopt rules for computing, reporting, collecting and refunding taxes. Takes effect on 91st day following adjournment sine die.