Everyone Likes to Save Money

Everyone Likes to Save Money
The calendar may still say it’s summer, but the kiddies will be going back to school in the next week, depending on where you live.

Don’t fret just yet.

August 7 at 12:01 a.m. through August 16, 2015 at 11:59 p.m. is the Back-to-School Sales Tax Holiday.

What does this mean for you?

It means it’s time to stock up on uniforms, certain school supplies, computers, and other items without sales tax being charged.

Florida law directs that no sales tax or local option tax, which is also known as discretionary sales surtax) will not be collected on certain purchases.

Clothing, footwear, and certain accessories selling for $100 or less per item,

Certain school supplies selling for $15 or less per item, and
Personal computers and certain computer-related accessories on the first $750 of the sales price, when purchased for noncommercial home or personal use.

“Clothing” means any article of wearing apparel, including all footwear (except skis, swim fins, roller blades, and skates) that is intended to be worn on or about the human body. Clothing does not include watches, watchbands, jewelry, umbrellas, or handkerchiefs.

This exemption does not apply to the sales of clothing, wallets, or bags in a theme park, entertainment complex, public lodging establishment, or airport.

“School Supplies” means pens, pencils, erasers, crayons, notebooks, notebook filler paper, legal pads, binders, lunch boxes, construction paper, markers, folders, poster board, composition books, poster paper, scissors cellophane tape, glue, paste, rulers, computer disks, protractors, compasses, and calculators.

“Personal computer” means an electronic device that accepts information in digital or similar form and manipulates such information for a result based on a sequence of instructions. The term includes any electronic book reader, laptop, desktop, handheld, tablet, or tower computer but does not include cellular telephones, video game consoles, digital media receivers, or devices that are not primarily designed to process data.

“Personal computer-related accessories” includes keyboards, mice (mouse devices), personal digital assistants, monitors, other peripheral devices, modems, routers, and nonrecreational software, regardless of whether the accessories are used in association with a personal computer base unit. Computer-related accessories do not include furniture or systems, devices, software, or peripherals that are designed or intended primarily for recreational use. The term “monitor” does not include a device that includes a television tuner.

For a list of qualifying items, scan this code.

Reference: Section 28, Chapter 2015-221, Laws of Florida