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Bill

S 7644

Creates the "Paid-In Act"; exempts used books from sales use taxes, up to one hundred dollars per item

2025 Regular Session Introduced by Siela Bynoe

The "Paid-In Act" exempts used books from sales tax up to $100, making them more affordable for consumers and boosting sales for booksellers and educational access.

PRINT NUMBER 7644A
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WeVote Research Nonpartisan
Bill Summary · S 7644

Summary of Bill S 7644: The "Paid-In Act"

Purpose and Intent

Bill S 7644, titled the "Paid-In Act," aims to promote literacy and accessibility to educational resources by exempting used books from sales and use taxes. This exemption is capped at a value of one hundred dollars per item. The bill seeks to alleviate the financial burden on consumers purchasing used books, thereby encouraging reading and education.

Key Provisions

  • Sales and Use Tax Exemption: The bill proposes a tax exemption specifically for used books, allowing consumers to purchase these items without incurring sales and use taxes.
  • Value Cap: The exemption applies to used books valued at up to one hundred dollars per item. This means that if a used book is priced at or below this threshold, it will not be subject to sales tax.
  • Implementation Date: While the bill does not specify an exact implementation date, it is currently under consideration and may be enacted following legislative approval.

Affected Parties

  • Consumers: Individuals purchasing used books will benefit directly from the tax exemption, making literature more affordable.
  • Booksellers: Retailers and second-hand bookstores that sell used books may see an increase in sales as consumers take advantage of the tax savings.
  • Educational Institutions: Schools and libraries may also benefit indirectly, as lower prices on used books could enhance access to reading materials for students and the community.

Legislative Process and Timeline

  • Introduced: The bill was introduced on April 24, 2025.
  • Referred to Committee: It was referred to the Budget and Revenue Committee on the same day.
  • Amendments: On May 22, 2025, the bill was amended and recommitted to the Budget and Revenue Committee, resulting in the updated print number 7644A.
  • Current Status: As of now, the bill is in the legislative process and awaiting further action.

Related Legislation

  • Companion Bill: A 7958 serves as a companion bill to S 7644, indicating parallel legislative efforts to address the same issue.

Conclusion

The "Paid-In Act" represents a legislative effort to enhance access to literature by removing financial barriers associated with purchasing used books. By exempting these items from sales and use taxes, the bill aims to foster a culture of reading and education, benefiting consumers, booksellers, and educational institutions alike. Further legislative actions will determine the bill's final outcome and implementation.

Compiled from official sources — confirm details with the bill’s official record.

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