Tax free holiday sure to help some
Texas parents with children getting ready to head back to class in a few weeks have most likely faced plenty of challenges this summer, and, from a fiscal standpoint, paying for school supplies and clothing may be one of the toughest.
However, the state of Texas is hoping to ease the burden Aug. 19-21 with its annual Tax Free Holiday, a three-day opportunity for parents and guardians to skip the sales taxes on many of the back-to-school items they purchase each year.
“As in previous years, 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,” said Susan Combs, Texas comptroller. “Backpacks under $100 and used by elementary and secondary students are also exempt.
“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.”
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