Beginning Saturday, Florida shoppers can purchase qualifying back-to-school supplies tax free throughout the 2021 Back-to-School Florida sales tax Holiday. The sales tax holiday belongs to a $196.3 million tax package went by the Florida Legislature and signed into law by Gov. DeSantis this year. The sales tax holiday beings July 31 and extends through August 9.
“Hopefully this helps out parents as kids return to college next month,” says Ellsworth Buck, V . p . of Insurance, Florida's largest independent homeowners insurance agency.
Items exempt from florida sales tax include:
- Clothes, shoes and backpacks costing less than $60
- School supplies selling for $15 or less
- The first $1,000 around the cost of personal computers including laptops, tablets and computer accessories.
The Florida Department of Revenue reports, “The florida sales tax holiday doesn't affect the rental or repair of any of the qualifying items.”
The National Retail Federation estimates families will spend an average of $849 on back-to-school items this year. While college students as well as their families are expected to spend an average of $1200. Looking to top the list of in-demand merchandise is electronics and clothing.
Rising inflation and supply demands has USAToday recommending shopping early. They're seeing high demands resulting in shortages on backpacks, tennis shoes, some gadgets and stationery. They report a 6 % rise in apparel because of inflation.
“Shoppers do not have to be students and have children to take advantage of the 10-day tax holiday,” says Ellsworth Buck, Vice President of Insurance, Florida's premier independent homeowners insurance agency.
Retailers expect to see a surge in spending this season. These Ten days are intended to give a break to families in addition to support local businesses in the region hard hit by Covid.
Find the best Homeowners Insurance policy in Florida to cover your home and belongings when it comes to misfortune. Contact Insurance today.
