Collin College Farmersille Fall

Save with tax free weekend

by | Aug 6, 2015 | Education

By David Jenkins

Staff Writer

[email protected]

The start of the 2015-’16 school year is a little over a month away.

For those who haven’t stocked up on back-to-school essentials, the Tax Free Holiday is scheduled for Aug. 7-9.

According to information from the Texas Comptrollers website, as in past years, the law exempts most clothing, footwear, school supplies and backpacks priced under $100 for sales and use tax.

This discount could possibly save shoppers about $8 on every $100 spent.

This year, shoppers will save an estimated $87 million in state and local sales taxes during the sales tax holiday.

The tax holiday weekend has been an annual event since 1999.

Below is a breakdown of the fine print for the three-day event.

Clothing and footwear

The exemption doesn’t extend to rental of clothing or footwear.

Nor does it apply to alteration (including embroidery) or cleaning services performed on clothes and shoes.

Additionally, tax is due on sales of accessories, including jewelry, handbags, purses, briefcases, luggage, umbrellas, wallets, watches and similar items.

Backpacks

Those items priced under $100 that are sold for use by elementary and secondary students are exempt during the sales tax holiday.

The exemption includes backpacks with wheels, provided they can also be worn on the back like a traditional backpack and messenger bags.

The exemption doesn’t include items that are reasonably defined as luggage, briefcases, athletic-duffle-gym bags, computer bags, purses or framed backpacks.

Ten or fewer backpacks can be purchased tax-free at one time without providing an exemption certificate to the seller.

School supplies

Texas families also get a sales tax break on most school supplies priced at less than $100 purchased for use by a student in an elementary or secondary school.

Layaways

A sale of a qualifying item under a layaway plan qualifies for exemption if the customer places the qualifying merchandise on layaway during the holiday or makes the final payment during the holiday.

Rainchecks

Eligible items that customers purchase during the holiday with use of a rain check qualify for the exemption regardless of when the rain check was issued.

However, issuance of a rain check by a seller during the holiday period will not qualify an eligible item for the exemption if the item is actually purchased after the holiday is over even if the rain check is presented at the time of purchase.

Qualifying school supplies

Binders, book bags, calculators, cellophane tape, blackboard chalk, compasses, composition books, crayons, erasers, folders (expandable, pocket, plastic and manila), Glue, paste, glue sticks, highlighters, index cards, index card boxes, legal pads, lunch boxes, markers (including dry erase markers), notebooks, paper, pencil boxes (other supply boxes), pencil sharpeners, pencils, protractors, rulers, scissors and writing tablets.

SFOT 2024

0 Comments

Related News

School accountability grades still blocked

School accountability grades still blocked

An Austin judge has continued the court order blocking the Texas Education Agency (TEA) from releasing its A-F accountability ratings for public schools. Travis County Judge Daniella DeSeta Lyttle scheduled a trial in February on the suit filed by five independent...

read more
Lawsuit blocks TEA from releasing scores

Lawsuit blocks TEA from releasing scores

A hearing is scheduled Monday, Aug. 26, in Austin on a lawsuit temporarily blocking the Texas Education Agency (TEA) from releasing its A-F accountability ratings for public schools, a move that prolongs the ongoing legal battle over the state’s educational assessment...

read more
Bond sale approved by trustees

Bond sale approved by trustees

Farmersville school board members conducted business in a timely manner at the special-called meeting held Thursday, Aug. 8. Only two agenda items were under consideration and handled quickly within the 8-minute timeframe. Trustees unanimously approved the sale and...

read more
Tax holiday for school supplies

Tax holiday for school supplies

Items such as a backpack and the supplies shown are tax exempt but a purse or handbag is not. As Texas students prepare to go back to school, their parents can save about $8 for every $100 they pay for clothes or supplies, Texas Comptroller Glenn Hegar said. The...

read more
Subscribe 300x250 - Love