Language Page 564, after line 21, insert;" §3-5.24 RETAIL SALES AND USE TAX EXEMPTION FOR DONATED EDUCATIONAL MATERIALS Notwithstanding any other provision of law or regulation, the retail sales and use tax exemption provided for in subdivision 7 of § 58.1-609.6 of the Code of Virginia, applicable to textbooks and other educational materials that are donated shall remain in effect through July 1, 2023."
Page 564, after line 21, insert;
" §3-5.24 RETAIL SALES AND USE TAX EXEMPTION FOR DONATED EDUCATIONAL MATERIALS
Notwithstanding any other provision of law or regulation, the retail sales and use tax exemption provided for in subdivision 7 of § 58.1-609.6 of the Code of Virginia, applicable to textbooks and other educational materials that are donated shall remain in effect through July 1, 2023."
Explanation
(This amendment extends until July 1, 2023 the sales tax exemption provided for donated textbooks and other educational materials. The Code section sunsets July 1, 2022. The extension has no revenue impact as the official revenue forecast assumes the continuation of the tax exemption.)