SB 554

This bill provides an annual sales and use tax exemption for products that

satisfy the energy efficiency guidelines under the federal Energy Star program. The

exemption applies to any item intended for residential use that is purchased during

the seven-day period beginning on the Saturday immediately preceding April 21 and

for which the sales price is less than $1,500. The exemption does not apply to items

purchased by a contractor or subcontractor or to items that are used primarily for

entertainment purposes. Under the bill, it is an unfair method of competition or an

unfair trade practice for a contractor or subcontractor to claim an exemption for an

item purchased for other than personal use by the contractor or subcontractor.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.