Governor Rick Scott signed into law this week a wide-ranging tax cut package that authorizes three separate sales tax holidays in the next few months. Shoppers will enjoy sales-tax holidays on hurricane gear, school supplies and energy saving appliances.
The hurricane sales-tax holiday runs from May 31 through June 8. During that time, no state or local sales taxes will be collected on items such as tarps selling for under $50, first-aid kits worth $30 or less, self-powered radios at $50 or less, gas tanks at under $25, portable generators worth up to $750, and non-electric food storage coolers priced at $30 or less, and most battery packages under $30. Hurricane season begins June 1.
The legislation also authorizes a three-day back-to-school holiday from Aug. 1 through Aug. 3. During this period, Floridians are able to buy clothes, school supplies and personal computers without paying sales taxes. The back-to-school holiday expands a discount introduced last year on computers and raises the tax-free bar from $75 to $100 on the prices of clothing, bags and backpacks. Last year, sales taxes weren’t collected on personal computers and related gear worth under $750. This year, no sales taxes will be collected on the first $750 of any computer and related gear, regardless of the overall cost of the piece of electronics.
The third sales tax holiday will be held Sept. 19–21 on the purchase of energy-efficient appliances (EnergyStar and WaterSense) costing $1,500 or less.
If you have any questions regarding this information, please contact our office at (239) 433-5554. Our team of professionals welcomes the opportunity to discuss your specific situation further. You may also visit us on the web at www.markham-norton.com.