Beginning Saturday, Florida shoppers can purchase qualifying back-to-school supplies tax free during the 2021 Back-to-School Sales Tax Holiday. The sales tax holiday is part of a $196.3 million tax package passed 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 will help out parents as kids head back to school next month,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowners insurance agency.
Items exempt from sales tax include:
- Clothes, shoes and backpacks costing less than $60
- School supplies selling for $15 or less
- The first $1,000 on the price of personal computers including laptops, tablets and computer accessories.
The Florida Department of Revenue reports, “The sales tax holiday does not apply to 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 and their families are expected to spend an average of $1200. Expecting to top the list of in-demand items are electronics and clothing.
Rising inflation and supply demands has USAToday recommending shopping early. They are seeing high demands leading to shortages on backpacks, tennis shoes, some gadgets and stationery. They report a 6 percent increase in apparel due to inflation.
“Shoppers do not have to be students or have children to take advantage of the 10-day tax holiday,” says Ellsworth Buck, Vice President of GreatFlorida Insurance, Florida’s premier independent homeowners insurance agency.
Retailers expect to see a surge in spending this year. These 10 days are intended to give a break to families as well as support local businesses in the area hard hit by Covid.