Florida's sales tax holiday is Aug 12-14th!
Back-to-school tax holiday returns Aug 12 - Aug 14.!
Florida's back-to-school sales tax holiday returns for the 11th time from Aug. 12 through 14, with some modified rules.
Changes in what's exempt this time include:
-The price of eligible clothing and shoe items has been increased to $75 apiece, up from $50 last year.
-The price tag for each qualifying school supply item has been lifted to $15, up from $10.
-Books were dropped from the tax exemption list this year, but sales of the Bible, as always, remains exempt from Florida sales tax.
The basic ground rules have not changed:
-The exemption applies to the price of the exempt item, not the value of the total sale, and there is no limit on the quantity purchased.
-The tax exemption is available to any shopper and not limited to back-to-school purchases.
-Tax exemptions apply at mail order houses like online retailers, gift cards and layaway sales as long as the final payment is made during the tax holiday.
-Exchanges remain tax exempt after the holiday only if an item is returned for a different size or color.
Some "footnotes" will alter some items sales tax collection thanks to tax law writers aiming to narrow purchases to school-related purchases:
-Notebook paper is exempt from sales tax but not computer paper
-Backpacks and fanny packs are exempt, but not luggage like briefcases or garment bags.
-Gloves are exempt unless they are batting gloves, rubber or for bicycling.
-Hunting vests, sports uniforms and bowling shoes are exempt because kids might wear them to school. But football pads, water ski vests and skates are taxable.
-Handbags and hair accessories are exempt, but not handkerchiefs, jewelry or watches.
Florida's back-to-school sales tax holiday returns for the 11th time from Aug. 12 through 14, with some modified rules.
Changes in what's exempt this time include:
-The price of eligible clothing and shoe items has been increased to $75 apiece, up from $50 last year.
-The price tag for each qualifying school supply item has been lifted to $15, up from $10.
-Books were dropped from the tax exemption list this year, but sales of the Bible, as always, remains exempt from Florida sales tax.
The basic ground rules have not changed:
-The exemption applies to the price of the exempt item, not the value of the total sale, and there is no limit on the quantity purchased.
-The tax exemption is available to any shopper and not limited to back-to-school purchases.
-Tax exemptions apply at mail order houses like online retailers, gift cards and layaway sales as long as the final payment is made during the tax holiday.
-Exchanges remain tax exempt after the holiday only if an item is returned for a different size or color.
Some "footnotes" will alter some items sales tax collection thanks to tax law writers aiming to narrow purchases to school-related purchases:
-Notebook paper is exempt from sales tax but not computer paper
-Backpacks and fanny packs are exempt, but not luggage like briefcases or garment bags.
-Gloves are exempt unless they are batting gloves, rubber or for bicycling.
-Hunting vests, sports uniforms and bowling shoes are exempt because kids might wear them to school. But football pads, water ski vests and skates are taxable.
-Handbags and hair accessories are exempt, but not handkerchiefs, jewelry or watches.
posted by Nick Pennewell, CPA at 2:48 PM
