Scott Announces Extended Sales Tax Holiday
TALLAHASSEE (CBSMiami) – Florida Governor Rick Scott announced on Twitter that this year's sales tax holiday in August will last for 10 days.
"A 10-day sales tax holiday will allow FL families to keep $60 million of their hard earned money," read a tweet on Scott's official account.
Excited to announce today our budget will create a 10-day sales tax holiday in Aug. #ItsYourMoney
— Rick Scott (@SenRickScott) January 17, 2014
During this tax free holiday, families can buy school supplies, computers & clothes without paying state or local sales tax.
— Rick Scott (@SenRickScott) January 17, 2014
The "Back to School" sales tax holiday is used to help parents buy supplies such as pens, paper, crayons, glue, backpacks, and some clothing items. Last year, computers, e-readers, tablets, and select accessories were also added to the list of exempt items.
In 2013, the state Revenue Estimating Conference said the tax break cost Florida $28.3 million in revenue, with local governments losing approximately $6.4 million. The 2013 loss was up from an estimated $25.9 million loss of sales tax revenue during the 2012 sales tax holiday.
More details about the extended sales tax holiday will be released leading up to the 10-day sale in August.