Virginia Sales Tax Holiday Takes Place All Weekend

Share

Virginia Sales Tax Holiday Takes Place All Weekend

Friday through Sunday there will be no sales tax on certain "back to school" items including school supplies, clothing, as well as bigger ticket items like laptops and other technology under $750. "We have back to school kids boots, but there are a lot of things here for the adults too".

"Families are going out and stocking up anyways", Miller said.

Florida shoppers are estimated to save $33.4 million this year.

The National Retail Federation says families will spend almost $700 on back to school shopping, if shopping this weekend shoppers are estimated to save about $50.

What's covered under the holiday? "Each year, shoppers show up in record numbers and provide a tremendous economic boost overall to retailers' sales numbers while they are able to afford more of the supplies they need". Clothing and shoes under $60 each. No sales tax will be charged on any number of items, as long as the price of each item is less than $100.

This weekend is Iowa's sales tax holiday, when some Nebraskans are likely to cross the Missouri River to capture savings on back-to-school items.

How much do people spend? Ohio Senator Jay Hottinger (Republican 31st District), who co-sponsored the legislation, said the event is created to "ease the burden for families and ensure students have the items necessary to succeed in the classroom".

Spending on K-12 and college items is projected increase by about 10 percent over last year's sales tax holiday, said Gordon Gough, president and CEO of the Ohio Council of Retail Merchants. However, local jurisdictions can choose to not participate in the holiday if they enact an ordinance to not participate, and notify the department 45 days prior to the sales tax holiday.

"Since 2011, we have relentlessly worked to cut taxes and put more money back in families' pockets", said Gov. Rick Scott.

For instance, in Houston, the sales tax rate will be 3.375 percent - which is absent the state sales tax.

Share

Advertisement

© 2015 Leader Call. All Rights reserved.