Retail stores throughout the East Texas area are preparing for the state's annual Sales Tax Holiday, held Friday through Sunday, Aug. 11-13.
This year, shoppers will save an estimated $87 million in state and local sales taxes during the sales tax holiday.
The holiday weekend, set by the Texas Legislature, allows consumers to purchase clothing, school supplies, and other items without having to pay the state sales tax. Consumers will save an average of $8.25 per every $100 spent. Sales of qualifying items will be exempt from sales tax on items costing up to $100, or the first $100 of the retail cost.
School supplies qualifying as tax-free must cost under $100 each. The school supplies included in the holiday tax exemption include but are not limited to backpacks, binders, calculators, composition notebooks, crayons, erasers, folders, glue, index cards, lunch boxes, markers, paper, pencils, pens, rulers, and scissors.
Parents with students who are required to use computers, tablets, or mobile devices at school will have to pay more, as these items are not tax exempt.
Many clothing items are tax-free during the weekend, allowing parents to find the right back to school outfit for their children. Clothes exempt from tax this weekend include but are not limited to athletic socks, belts, blouses, caps, coats, dresses, jeans, shoes, shorts, sweaters, T-shirts, and underwear.
There are many other items the tax-free weekend covers, including diapers, baby clothes, hunting vests, pajamas, and swimsuits.
Sales tax will still be paid on some items, including but not limited to luggage, computer bags, purses, wallets and watches.
All sales of qualifying items made during the holiday period qualify for the exemption, including items sold online, or by telephone or mail.
Texas Comptroller Glenn Hegar reminds shoppers they can save money on certain items during the state's annual sales tax holiday.
“Most folks won’t hear the back-to-school bell for another month, but it’s never too early to take advantage of the opportunity to save money on everything from ball caps to ballpoint pens,” said Glenn Hager, Texas Comptroller. “As the father of three young children, I know how these expenses can add up.”
The tax holiday weekend has been an annual event since 1999. Lists of apparel and school supplies that may be purchased tax-free can be found on the Comptroller's website, www.TexasTaxHoliday.org.