Back to school no sales tax
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A: There will be no sales taxes on most school supplies that sell for $15 or less. Clothing, footwear and some accessories as long as each item or pair of shoes costs $75 or less are exempt. The tax break goes for many types of clothing not just children’s.
The fine print of what does and doesn’t get taxed can get a little confusing. Taxes do apply to computer and printer paper but not notebook paper. Shoppers will pay tax on cosmetic bags but not diaper bags. And you’ll still have to pay a tax on thread, buttons, tape, iron on patches and zippers.
Q: Are there any big changes from last year?
A: The holiday comes earlier in the month, making it more convenient for parents. Previously, state legislators scheduled it later in August, which in some cases meant the holiday fell on the weekend before school started.
Q: How much is the sales tax anyway?
A: Florida’s is 6 percent, but many counties have local option taxes that will also get waived this weekend. In Central Florid burberry bags sale a, sh burberry bags sale oppers in Lake and Osceola counties pay a total of 7 percent, while in Orange and Volusia it’s 6.5 percent, and in Seminole it’s 6 percent.
Q: Where can I shop?
A: Purchases made in most malls, retail stores, boutiques and other shopping centers will be exempt. Products offered for sale in theme parks, airports and hotels, however, will not.
Q: Will stores have their own deals as well?
A: Some will. They include Lands’ End in Sears at Orlando Fashion Square, where shoppers will save $20 off in store purchases of $75 or more. to midnight. On Friday and Saturday, the deals will include $10 backpacks.
On Sunday, shoppers can snatch up glue for a penny and notebook paper for 25 cents.
Orlando Fashion Square will give a package of free school supplies to shoppers who spend $100 or more. Saturday and Sunday. Saturday will have its annualback to school expo, which includes free face painting, balloon artists and prizes. Saturday that will include mini fashion shows, a rock wall, dance party and goody bags.
Q: How crowded will the stores be?
A: Expect big crowds. Seventy five percent of parents surveyed by Lands’ End and fashion website Momtrends said they will shop during tax free days. Almost a third said they would take advantage of tax free holidays for the first time this year. the National Retail Federation says the average parent of grade school kids will spend $688.62 on his or her children, up from $603.63 last year. That’s a significant change from last year, when consumers planned to spend less on clothes and supplies.
A: If I buy something during the tax free holiday and exchange it later, do I have to pay taxes?
A: Not if it’s the same item but in a different size or color. If you buy something else, though, you’ll have to pay the tax.
Q: Do these sales tax hol burberry bags sale idays do much good for the economy?
A: Opponents describe such efforts as gimmicks that just shift the timing of purchases parents were going to make anyway while costing taxpayers millions in lost revenue. State officials put this year’s tax loss at $38.1 million.
But the Florida Retail Federation argues that such holidays spur more purchases, including items that do get taxed. “Clearly everybody wins here,” said Rick McAllister, president and chief executive officer of the trade group.