Texas’ Annual Sales Tax Holiday Stretches Back-to-School Budgets
Schoolchildren will soon head back to the classroom; and Texas’ annual Sales Tax Holiday will help outfit kids with tax-free clothes, shoes and school supplies they need for the new school year.
“From Aug. 20-22, shoppers will pay no state or local sales tax on many school supplies, school backpacks and most children’s and adults’ clothing and shoes priced at less than $100,” Texas Comptroller Susan Combs said. “As our economy continues to recover, this tax break will help families get more bang for their back-to-school bucks.”
This year, Combs predicts shoppers will save $59.3 million in state and local sales taxes during the Sales Tax Holiday, which takes place each year on the third Friday, Saturday and Sunday in August.
The tax holiday weekend has been an annual event since 1999.
To help families plan to make the most of the Sales Tax Holiday, lists of tax-free apparel and school supplies can be found on the Comptroller’s website at http:// www.window.state.tx.us/taxinfo/