You have just three days to figure why tax-free savings apply to fishing vests, bowling shoes, lingerie, and vintage clothing but not books, staplers, computers and printer paper.
The tax holiday lasts three days vs. last year’s 10, which marked the longest tax hiatus since 2007. And yes, there are a few changes: The first $750 spent on personal computers was eligible last year. Now computers are out.
It’s back to basics this year: school supplies up to $15 and clothing items up to $60. And the crucial accessory every Florida student needs each August, a tuxedo.
Take note of a little hemming on the clothing limits. Last year clothing items up to $100 were eligible.
Still, it’s money in your pocket if you are in the market for the items anyway. It means you pay no state sales tax (6 percent) and certain local option taxes on eligible items. Last year, state officials went into the extended holiday expecting to lose an estimated $68 million from tax coffers.
This year retail groups forecast that consumers will save about $40 million.
Why yes, there are savings for adults as well as school kids, on items including purses, employee uniforms, suits, ties, and safety shoes, retail officials say.
And lingerie, according to this official list.
Lingerie? A spokeswoman for a state agency that oversees financial matters said that may be a matter of “semantics” for referring to underwear. OK, except the list already covers “underclothes.” Lingerie was on last year’s list, too. Computers go, lingerie stays. Chalk up a win for Florida’s lingerie lobby.
Correction fluid? Masking tape? Sorry, you pay full taxes.
Hunting vest? You’re good.
Get the full list here:
Your confusing sales tax holiday ends Sunday.