State's sales tax holiday runs today

05 August, 2017, 00:19 | Author: Garry Little
  • Sales tax-free weekend

Shoppers will not have to pay city, county or state sales tax on some school-related items again this year during the annual three-day Back-to-School Sales Tax Holiday Aug. 4-6. Friday through Sunday there will be no sales tax on certain "back to school" items including school supplies, clothing, as well as bigger ticket items like laptops and other technology under $750.

The back-to-school sales-tax holiday has been one of the more popular tax holidays, being offered most years since 1998.

All sales of qualifying items made during the holiday period qualify for the exemption, including items sold online, or by telephone or mail.

Anyone can make tax-free purchases, and all retailers in the state must participate, the Tax Commission says.

"Our main focus is on the students going back to school", Vonna Titus, owner, said. For a full list, visit tax.iowa.gov.

OH retail industry leaders say consumers will spend about 10 percent more than past year at brick-and-mortar and online retailers.

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It was part of a $180 million dollar tax cut package passed by the Legislature earlier this year and signed into law by Gov. Rick Scott. The theory behind the bill is the sales tax weekend will help businesses by providing a boost in the economy and the consumer by allowing them to save money when shopping for clothing and shoes. For example, if a customer purchases a pair of trousers that costs $110, then sales tax is due on the entire $110. In 2015, the sales-tax holiday was 10 days long, but lawmakers settled on a shorter holiday this year.

The sales tax holiday will save Florida shoppers $33 million.

"The tax holiday is a great idea", Burnett said.

School supplies costing $15 or less will also be tax-free.

Even though she knows stores will be crowded, Angela Miller plans to be out this weekend.

You don't have to shop in-store to take advantage of tax-free weekend.

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