Tallahassee, Florida - March 31, 2011 -- 10:03am
Back-to-school shoppers could experience the thrill of a three-day sales tax holiday beginning August 12 under a measure approved Wednesday by the House Finance and Tax Committee. By unanimous vote, the panel approved a measure (HB 733) that would allow back-to-school shoppers to pick up supplies of less than $15, qualified clothing under $75 and textbooks up to $75, a provision that has not been previously included in sales tax holiday events. The Florida Retail Federation commissioned a study that showed a net gain of $7 million from last year’s three-day holiday, which increases taxable sales by $115 million when compared to the previous year when no holiday was in place. A Senate version (SB 508) has yet to be heard.