The back to school sales tax break starts August 13th and runs through the 15th, cutting it close before the first day of school arrives. Some private schools start school before the tax break. Years prior the Florida tax free holiday has ran for nice or ten days so that families would not have to fight the long lines and shoppers hitting the malls.
State lawmakers first offered the tax holiday in 1998, but they suspended it for the past two years because of budget woes. Florida retailers lobbied to return it this year, saying it would help spur the economy while giving consumers a break.
"Retailers are disappointed as they would prefer the sales tax break to last longer than a few days. Legislators insisted on three days, worried that extending it too long would bring less money into state coffers. Budget analysts expect state and local governments to miss out on $26.1 million." According to the Orlando Sentinel.
Should the tax holiday be a week long or a few days, seems to be the big debate. Either way, if you have school supplies to purchase, or need to buy your high school student clothes, you don't want to miss out on the back to school holiday tax. August 13th through the 15th in the State of Florida.
Gary Berkson is a real estate agent for RE/MAX Central Realty and services the Central Florida area which includes Lake Mary real estate for sale, Heathrow real estate for sale, Orlando real estate for sale and all surrounding areas. Contact Gary today.