School Supplies That Cost $10 or Less Are Tax-Exempt This Weekend.

For the first time in two years, the tax-free holiday for school shopping is back.

The sales tax holiday kicks off Friday and lasts through the weekend.

Retailers said they expect the weekend to be the second busiest shopping event of the year. They have cut prices and stocked their shelves in anticipation of the tax holiday.

The tax holiday covers school supplies that cost less than $10 and clothes and shoes that cost less than $50. The items also have to be on the list of tax-exempt items issued by the state.

This is the first back-to-school tax holiday since 2007. However, families had a week to take advantage of tax-free shopping. This time, lawmakers shorted the break because of budget constraints. As a result, the tax holiday only lasts three days.

Even so, officials expect the tax holiday will save families about $26 million.

 

Sales Tax Holiday Info

List of taxable and tax-exempt items

Taken from Bay News 9 website.

http://www.pjtampabay.com

 

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