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Politics

Florida to Offer Tax-Free Holiday for Back-to-School Shoppers

August 2, 2017 - 2:15pm

It’s time to stock up on back-to-school necessities -- for a limited time, computers and school supplies will be tax-free during Florida’s three-day sales-tax “holiday” held this weekend.

The holiday, which runs from Friday, Aug. 4 through Sunday, Aug. 6, will give shoppers tax breaks on clothes, school supplies and other items families will need before heading back to school. 

The sales-tax holiday will provide tax breaks on clothing and shoes up to $60 per item. School supplies costing $15 or less will also be tax-free and technology items like computers and accessories costing $750 will be tax-free as well.

Books valued $50 or less were, at one point, exempted from the tax holiday, but will be part of the tax break this year. 

The sales tax package will save an estimated $92 million in tax breaks during the budget year which began July 1. 

Nationally, families are expected to spend around $688 this year on apparel, shoes and school supplies, a number which has jumped six percent from last year, according to estimates from the National Retail Federation. 

Families are also anticipated to spend up to $84 billion on back-to-school spending this year, up 10 percent from the $76 billion spent last year.

“We are looking forward to another successful Back-to-School Sales Tax Holiday, and applaud Governor Scott and the Legislature for recognizing the significance it has on our hard-working families and the 270,000 retailers throughout the State of Florida,” said Florida Retail Federation President and CEO R. Scott Shalley in a statement. “Each year, shoppers show up in record numbers and provide a tremendous economic boost overall to retailers’ sales numbers while they are able to afford more of the supplies they need.”

According to a Florida House bill analysis, the state is estimated to reduce state and local government revenue by nearly $27 million and $7 million, respectively. 

Florida is one of 16 states to offer a back-to-school sales tax holiday. The state has offered other tax holidays this year, including one in June on hurricane preparedness items. 

The back-to-school sales-tax holiday has been one of the more popular tax holidays, being offered most years since 1998. In 2015, the sales-tax holiday was 10 days long, but lawmakers settled on a shorter holiday this year.

 

 

Reach reporter Allison Nielsen by email at allison@sunshinestatenews.com or follow her on Twitter: @AllisonNielsen.

 

 

Comments

When the casino makes a new game, it's for them, not you. They want you to believe it's for you... but it isn't. All the flunky pols will trip over themselves taking credit for something that amounts to nothing.

Well "WHOOP-DE-DO" ! Thanks Tallahassee, you're really helpful...NOT ! How about EVERY TIME,..ALL DURING A SCHOOL-YEAR, WHENEVER a school child, a parent, or a Teacher buys a "school necessity", you WAIVE THE INSIDIOUS TAX ! Now THAT'S helpful ! What you "politico's" are describing here IS NOT A "HOLIDAY"!!!...it's more like "an enforced Black Friday" (times X-3) {Hope you "Tallahassee reprobates" have school age children, so you too can participate in your "questionable largesse"..}

Yesss....

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