RELATING TO THE GENERAL EXCISE TAX.

HB 522 creates a monthly tax holiday for small businesses in the state by waiving the general excise tax on the first Saturday of every month. This directly affects small businesses that pay the state's general excise tax on transactions. The bill establishes a recurring, automatic exemption for these businesses on specific dates each month. The policy change would reduce their tax burden on those designated Saturdays without requiring additional applications.