The statewide back-to-school tax-free weekend, which spanned Saturday and Sunday, allowed shoppers to buy clothing and footwear under $100, computers and software less than $1,000 an item and school supplies that cost $20 or less without paying state sales tax. Consumers will not pay sales tax on clothes worth $60 or less and on school supplies worth $15 or less. “I am hopeful that this year’s Sales Tax Holiday will help OH families stretch their dollars a little further as they prepare to send their kids back to school”. In previous years, the holiday lasted about the length of a weekend. She expects a big rush this weekend, especially now that Central Middle School has also adopted a school uniform policy.
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Harper points to a study led by UWF economist Richard Hawkins about a decade ago, on the conduct of retailers during a tax holiday.
What Tennesseans actually need is relief from suffocating high sales taxes every day of the year. According to the federation’s survey, the average family with children in elementary through high school will spend about $674 on electronics, apparel and other school supplies, up from $630 past year. Last year, some items actually worked out to be less than a nickel, like notebooks and pencils.
According to a survey by the National Retail Federation, the average family is expected to spend about $673 on apparel, accessories, shoes and school supplies this holiday, up from about $630 in 2015.
Local sales taxes will still be in place, unless exempted on the local level. Plus, not all items are tax-exempt, which is why it’s important to consult the Texas Comptroller’s website for a list of qualifying products at TexasTaxHoliday.org.
All books, besides the Bible, are still taxable during the Florida Sales Tax Holiday 2016.
“Free advertising for what is effectively a paltry 4 to 7 percent discount leads many larger businesses to lobby for the holidays”. Both Kentucky and IN do not now offer tax reliefs for the back-to-school holidays, so it drives consumers to the state. For example, states leave it up to the local governments whether to participate in tax-free holidays or not – and not all do.
AUSTIN, Texas-With the new school year right around the corner, Tax Free Weekend is a great opportunity to stock up and save on some of your back-to-school shopping needs.
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Brad Nettles/Post and Courier Crayola washable crayons sit in bins at Target at Citadel Mall ahead of South Carolina’s tax-free weekend for back-to-school shoppers.
