Tax-Free Weekend in Florida

Attention, shoppers, it's Florida's tax-free weekend.


This year's back-to-school sales tax holiday was bumped up to five days instead of three and, unlike last year, technology is included. Sarasota County Schools resume classes August 12th.


“Nationally, the average family shopping for K-12 students is expected to reach nearly $700," Florida's Chief Financial Officer Jimmy Patronis said in a news release.


Before you shop till you drop for back-to-school supplies, here are some things to know about Florida's sales tax holiday.Here are the latest statistics on the market summary for Sarasota County for May of 2019.

QUESTION: What is the back-to-school sales tax holiday?

ANSWER: From 12:01 a.m. Aug. 2, 2019, through 11:59 p.m. Aug. 6, 2019, you can save at least 6 percent in state and local taxes on purchases of computers and accessories up to $1,000, when purchased for noncommercial or personal use; clothes, backpacks, footwear and certain accessories selling for $60 or less; and most school supplies up to $15.


Q: If a clothing item costs more than $60, is the first $60 exempt from sales tax?

A: No. The tax exemption applies to items selling for $60 or less. If an item sells for more than $60, tax is due on the entire selling price.


Q: If a school supply item costs more than $15, is the first $15 exempt from sales tax?

A: No. The tax exemption applies to school supply items selling for $15 or less. If an item sells for more than $15, tax is due on the entire selling price.


Q: If a computer costs more than $1,000, is the first $1,000 exempt from sales tax?

A: No. The tax exemption applies to personal computers and certain related accessories selling for $1,000 or less. If an item sells for more than $1,000, tax is due on the entire selling price.


Q: Is there a limit on the number of items that can be sold exempt during the sales tax holiday?

A: No. The exemption is based on the sales price of each item.


Q: If a package or set of items contains taxable items and items exempt during the sales tax holiday, is the package or set exempt during the holiday period?

A: No. Items that are tax exempt must be sold as separate items during the holiday period to qualify for the exemption.


Gift cards

According to the Florida Department of Revenue, the sale of a gift card is not taxable.

Q: If a gift card is purchased during a sales tax holiday, can the customer purchase a qualifying item tax exempt after the sales tax holiday ends?


A: No. The purchase of the eligible item must be made during the holiday period to be tax exempt. However, when eligible items are purchased during the holiday period using a gift card, the eligible items qualify for the exemption; it does not matter when the gift card was purchased.


BOGO

If school supplies or items eligible are advertised as "buy one, get one free" or "buy one, get one for a reduced price," the total price cannot be averaged for both items to qualify for the exemption.


Rainchecks

Q: If a raincheck is issued during the sales tax holiday, can it be used after the holiday to purchase the item tax exempt?

A: No. The purchase of the eligible item must be made during the holiday period to be tax exempt. When a raincheck is issued, a sale has not occurred. The sale occurs when the raincheck is redeemed and the item is purchased.


Layaway sales

Q: Are items placed on layaway eligible for the tax exemption during a sales tax holiday?

A: Yes. Eligible items placed on layaway during a holiday period are tax exempt, even if final payment of the layaway is made after the holiday period. If a customer makes a final payment and takes delivery of the items during the holiday period, the eligible items are tax exempt.


Mail-order and catalog shopping

Q: Do the exemptions during a sales tax holiday apply to mail-order or catalog sales?

A: Yes. Mail-order and catalog sales of eligible items during the holiday are tax exempt when the order is accepted during the holiday period for immediate shipment, even if delivery is made after the holiday period.


Online shopping

Q: Do the exemptions during a sales tax holiday apply to Internet sales?

A: Yes. Internet sales of eligible items during the holiday are tax exempt when the order is accepted during the holiday period for immediate shipment, even if delivery is made after the holiday period.


Information courtesy of: Florida Today

For link to full article, please click here.

CONTACT US

  • Facebook - Black Circle
  • Twitter - Black Circle
  • Instagram - Black Circle

The Hanley Homes Group

Keller Williams Island Life Real Estate

(941) 363-6376

206 Harbor Drive S.

Venice, FL 34285

United States

©2020 HANLEY HOMES GROUP

BACK TO TOP