Rejoice Mom and Dad…Florida’s tax-free holiday for school supplies is back this year, starting Friday August 22, 2013 at 12:01 a.m and ending Sunday at midnight. This year, some new items are on the tax-free list, including personal computers and tablets.
Retailers are planning on bringing in extra staff to help handle crowds and BestBuy, for instance, is extending hours, opening at 8 a.m. instead of 10 a.m. Here in the Coral Springs and Parkland area we have several great shopping areas, Coral Square Mall of course, plus Target on Westview Dr, Super Walmart on Coral Ridge near Heron Bay in Parkland and the new one n McNab Rd. Also several office supply stores such as Staples, Office Max and Office Depot. Best Buy located on Atlantic has extended hours.
School supplies can all add up. The National Retail Federation forecasts that families with school-aged kids will spend $634.78 this year on shoes, clothes and supplies – which is actually down from $688.62 last year.
Here’s a rundown of what you need to know:
* New items on the tax-free list this year: Personal computers, tablets and accessories, such as keyboards and monitors, that sell for $750 or less.Lawmakers approved the exemption this year after they realizing how important technology is to education.
* Bonus: The tax holiday applies to handheld gadgets too, so that includes things such as the Apple iPod touch and other MP3 players and E-Readers.
* Sorry: That doesn’t include cellphones, video game consoles, digital media receivers or devices not primarily designed to process data. So, no HDTVs tax-free this time.
* No kids? No problem: The holiday applies to any approved purchases, whether you have a kid or not.
* Apparel: Everything from shirts and shoes (up to $75) to backpacks and hats. Even diaper bags are tax-free during the holiday.
* Supplies: Any school supply-like item up to $15 apiece.
* Upper limit: You can still buy something above that limit, but any dollar spent over the limit becomes taxable.
* Online: You can also order online during that period, tax-free, as long as the retailer is set up to process the transactions. Even if the item won’t arrive for days, as long as you bought it during the holiday period, it should still be tax free.
* Not tax-Free: “Clothing” does not include accessories or equipment such as watches, jewelry, umbrellas, handkerchiefs, or sporting gear.
The state Revenue Estimating Conference has estimated the tax break will cost Florida $28.3 million in revenue this year, with local governments out $6.4 million. The statewide projection is up from a $25.9 million estimate from the 2012 back-to-school period that was also three days
* Details: A full list of eligible items is online at dor.myflorida.com/dor/pdf/sales_tax_holiday_list_of_items.pdf
If you find you need more office space or a bigger kitchen for all that after school study sessions and homework, Call Robyn and Claudio Petasne,954-770-6850 the Coral Springs Realtors with Keller Williams Partners Realty. We can help you find a new home to meet your needs and sell or rent out your current property!