The annual state sales tax holiday is right around the corner, according to Senator Glenn Hegar. The three-day annual event will begin on Friday, Aug. 17 and will continue through the weekend to its conclusion at midnight on Sunday, Aug. 19. The tax holiday offers Texas families the opportunity to save on needed back-to-school items.
Shoppers will have the once-a-year opportunity to save on school supplies, backpacks, and clothing. Just as in previous years, retail customers will enjoy a full reprieve from sales and use tax for most clothing and footwear priced under $100, which could save shoppers about $8 on every $100 they spend. The holiday is fully inclusive – families and individuals do not need to have a child to take advantage of the savings and will enjoy relief from both the 6.25% state sales tax, as well as the additional 2% other entities may impose.
“As Texas seeks to continue its climb out of recent years’ economic downturn, 2012’s sales tax holiday is a welcome opportunity to enjoy some savings as we ready for our childrens’ return to school,” says Sen. Hegar. “During the 81st Texas Legislature in 2009, I joined with my House and Senate colleagues to expand the list of items that qualify for exemption from Texas state and local sales and use taxes, a benefit I certainly encourage us all to take advantage of.” Texans will save an estimated $64.8 million in 2012 during the state and local sales taxes holiday.
For a list of tax-free items during the sales tax holiday, visit www.window.state.tx.us/taxinfo/taxpubs/tx98_490/tx98_490.html.