Academic transcripts

From the 2024 DOR Tax Exemption Study

82.08.02537; 82.12.0347 - Academic transcripts Description Sales of academic transcripts, including those transferred electronically, by public and private educational institutions are exempt from sales and use taxes. Purpose To provide tax relief for students charged for copies of academic transcripts sent on their behalf to other schools, prospective employers, etc. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.164 $0.166 $0.166 $0.165 Local Taxes $0.074 $0.074 $0.075 $0.074 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.152 $0.166 $0.165 Local Taxes $0.000 $0.062 $0.075 $0.074 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth based on projected enrollment figures. - Unofficial transcripts are free. - 31% of high school students order five transcripts at $5 each. - 50% of college graduates order five transcripts at $10 each. - Local revenue estimates use the statewide average local sales and use tax rate of 2.92%. Data Sources - Office of the S