Many States Offer Back-to-School Sales Tax Holidays in 2013

The following sixteen states will offer sales tax holidays for back-to-school shopping within the next month.
 
Alabama: From August 2 to 4, the following are exempt:
  • Clothing (not accessories or protective or recreational equipment) with a sales price of $100 or less per item.
  • Single purchases, with a sales price of $750 or less, of computers, computer software, and school computer equipment.
  • Noncommercial purchases of school supplies, school art supplies, and school instructional materials with a sales price of $50 or less per item.
  • Noncommercial book purchases with a sales price of $30 or less per book.
Arkansas: On August 3 and 4, the following are exempt:
  • Sales of clothing items under $100.
  • Clothing accessories or equipment under $50.
  • School art supplies, school instructional materials, and school supplies.
Connecticut: From August 18 to 24:
  • Clothing and footwear costing less than $300 per item are exempt.
Not included are athletic or protective clothing or footwear, jewelry, handbags, luggage, umbrellas, wallets, watches, and similar items.
 
Florida: From August 2 to 4, the following are exempt:
  • Clothing with a sales price of $75 or less per item.
  • School supplies with a sales price of $15 or less per item.
  • Personal computers and related accessories with a sales price of $750 or less purchased for noncommercial use.
The holiday exemption does not apply to sales of such items made within a theme park, entertainment complex, public lodging establishment, or airport.
 
Georgia: On August 9 and 10, the following are exempt:
  • Clothing and footwear with a sales price of $100 or less per article or pair, excluding accessories.
  • Single purchases for noncommercial use of $1,000 or less of personal computers and related accessories.
  • General school supplies priced at up to $20 per item.
Iowa: On August 2 and 3:
  • Clothing and footwear with a sales price of less than $100 per item are exempt.
The exemption does not include any special clothing or footwear that is primarily designed for athletic activity or protective use and not normally worn except when used for the athletic activity or protective use for which it is designed. The exemption also excludes accessories or the rental of any clothing or footwear.
 
Louisiana: On August 2 and 3:
  • The first $2,500 of the sales price of noncommercial purchases (not leases) of items of tangible personal property (not vehicles or meals) is exempt.
Although the holiday exemption does not apply to local taxes, St. Charles Parish will waive its local sales tax during the same weekend as the state holiday.

You may like these other stories...

OECD calls for coordinated fight against corporate tax avoidanceDavid Jolly of the New York Times reported that dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent...
Plan ahead before you buy some shares in a stock mutual fund near yearend, when the fund is about to pay a dividend. It might be better to wait until after the fund goes "ex-dividend," that is, wait until after the...
AgFeed agrees to pay $18 million to settle SEC accounting fraud caseMichael Rapoport of the Wall Street Journal reported on Monday that AgFeed Industries Inc. has agreed to pay $18 million to settle US Securities and...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.