2010 Florida Tax Sales Holiday
Monday, July 26, 2010 at 08:58AM
Starting Friday, August 13, 2010, through Midnight, Sunday, August 15, Florida residents can take advantage of the annual Sales Tax Holiday. During these 3 days, no sales tax or local option taxes (also known as discretionary sales surtax) is collected on sales of books, clothing, footwear, and certain accessories selling for $50 or less, and on certain school supplies selling for $10 or less. The price limitation pertains only to individual items, and a buyer will receive the exemption no matter how many items are sold on the same invoice.
With the downturn in the economy, the sales tax holiday is a welcome reprieve for back-to-school shopping. Many retailers that sell eligible items also see in increase in sales during this weekend. Some retailers, knowing that many shoppers will wait until this weekend to do their back-to-school shopping, will offer discounts during the week before the sales tax holiday. Many times the discount is greater than the sales tax that will be saved later. This can be an opportunity for shoppers to find bargains before the sales tax holiday, with better selection and smaller crowds.