Tax holiday is Aug. 15-17
Parents will get a break this weekend on many items their kids will need to start the new school term.
State and local sales taxes will not be charged on certain items Friday, Aug. 15, through Sunday, Aug. 17 - the state's annual tax holiday. Lay-away plans can be used to take advantage of the sales tax holiday.
The law exempts most clothing and footwear priced under $100 from sales and use taxes, which could save shoppers about $8 on every $100 they spend.
Backpacks under $100 and used by elementary and secondary students are also exempt. A backpack is a pack with straps one wears on the back. The exemption during the sales tax holiday includes backpacks with wheels, provided they can also be worn on the back like a traditional backpack, and messenger bags. The exemption does not include items that are reasonably defined as luggage, briefcases, athletic/duffle/gym bags, computer bags, purses or framed backpacks. Ten or fewer backpacks can be purchased tax-free at one time without providing an exemption certificate to the seller.
State Comptroller Susan Combs issued a word of caution to retailers: "If you sell items that do not qualify for the exemption, you may not advertise or promise that you will pay your customers' sales tax. Additionally, you are prohibited from advertising that you will not collect sales tax on items that do not qualify. You may advertise that tax is included in the sales price of the taxable items that you sell, however."
For information on how to report tax on these sales call toll free at (800) 252-5555.












Print






