July 30, 2012
Parents in Georgia can look forward to a holiday from a certain sales tax. For the first time since 2009 Georgia will offer shoppers a tax holiday on back-to-school products. The holiday will be on August 10th and 11th... Many are looking forward to some much needed financial relief.
Says single parent, Wynn Rowe: "Round this time of year it's pretty hard for single parents like myself. You got the bills that's coming up and you got school clothes and supplies and stuff like that. So that's a wonderful thing that they are doing."
Parents will spend roughly six hundred and ninety dollars on school supplies this year which is up 85 dollars from last year's average. That's according to the National Retail Federation. Many in the community think it's a valuable investment for the kids.
Says Valdosta resident, Joseph Alvarez: "They need anything that will help them, motivate them, push them to get an education. To help them want to get an education, to be interested in getting an education and I think it's great."
The sales tax will be lifted for general school supplies, clothing worth one hundred dollars or less as well as computers and their accessories.
Georgia first offered a back-to-school tax holiday in 2002. State leaders had ended that tradition during the recession over the last few years.
ATLANTA (AP) -- July 29, 2012
For the first time since 2009, Georgia is offering parents a tax holiday on back-to-school goods.
The state will temporarily suspend its collection of the sales tax on Aug. 10-11 for general school supplies, some clothing and computers and computer accessories.
The National Retail Federation tells the Atlanta Journal-Constitution that parents with school-age children are expected to spend an average of nearly $690 on back-to-school goods this year. That's up roughly $85 from last year's average.
Georgia started its tax holiday in 2002 under then-Gov. Roy Barnes. But state leaders ended the tax holiday as tax collections plunged during the last recession. The tax holiday was reinstated this year by Gov. Nathan Deal. Lawmakers said Georgia businesses were losing back-to-school sales to neighboring states with tax holidays.