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Monday, 25 July 2022 10:57

Florida Families Can Save on Supplies During the 2022 Back-to-School Sales Tax Holiday

FOR IMMEDIATE RELEASE
JULY 20, 2022
CONTACT: Amanda Bevis (202) 680-9262

Tallahassee, FL — School is almost back in session, and Florida retail stores are ready to help families cut costs on school supplies. Floridians can save money when shopping for school supplies during Florida’s 2022 Back-to-School Sales Tax holiday that begins Monday, July 25, and runs through Sunday, August 7.

“Tax savings on back-to-school items will provide welcome relief to Florida families,” said Scott Shalley, president and CEO of the Florida Retail Federation. “Stock up July 25 through August 7 at your local Florida retail store. Many stores are offering additional sales to help families find savings get what they need to succeed this school year. Remember to ‘Find It In Florida’ and support local retailers when shopping for back-to-school items.”

The following items are available for purchase tax-free from July 25 through August 7:

  • Clothing, footwear, and certain accessories with a sales price of $100 or less per item;
  • Certain school supplies with a sales price of $50 or less per item;
  • Learning aids and jigsaw puzzles with a sales price of $30 or less; and
  • Personal computers and certain computer-related accessories with a sales price of $1,500 or less, when purchased for noncommercial home or personal use.

Families can also find additional tax-free savings on the retail sale of children’s diapers and baby and toddler clothing, apparel, and footwear, now through June 30, 2023, and children’s books (children ages 12 or younger) through August 14, 2022.

A recent survey conducted by the National Retail Federation revealed that 25% of consumers have already started shopping for school supplies. As inflation continues to impact families, 38% of consumers plan to cut back spending in other areas to cover back-to-school purchases.

Total back-to-school spending this year is matched with 2021’s forecast of $37 billion. Households with children who are K-12 students will spend $864 on average on supplies for the new school year, approximately $15 more than last year. College students and their families will spend around $1,199 on average this year. Electronics remain the top spending category for back-to-school and college shopping.

There are more than 270,000 retail stores in Florida, and one in five jobs is tied to Florida retail. When shoppers “Find It In Florida" and shop local retailers, they help boost the local economy and support community businesses. Learn more about the "Find It In Florida" program at the website.

Visit www.fldoe.org to learn more about what you need to prepare and help your children return to school safely. For a full list of eligible tax-free supplies, please visit FloridaRevenue.com/BacktoSchool.

This year’s Back-to-School Sales Tax Holiday was established when Governor DeSantis signed HB 7071 into law on May 6.

ABOUT THE FLORIDA RETAIL FEDERATION
The Florida Retail Federation is the statewide trade association representing retailers -- the businesses that sell directly to consumers. Florida retailers provide one out of every five jobs in the state, pay more than $52 billion in wages annually, and collect and remit more than $35 billion in sales taxes for Florida’s government each year.

ABOUT THE NATIONAL RETAIL FEDERATION
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

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Read 447 times Last modified on Monday, 25 July 2022 11:04