Back-to-school shoppers will have more time to find tax-free savings under a plan announced by Governor Rick Scott on Friday. Scott has proposed a ten-day sales-tax holiday for items like clothes, shoes, school supplies, and computers costing less than $750.
It's part of Scott’s 2014-15 budget proposal, and the governor’s office estimates that Floridians could save up to $60 million in taxes over the week and a half. Florida Retail Federation spokesman John Fleming says past tax holidays have been good for business, as people tend to buy more stuff when it's duty free."What happens is people come out to the stores to take advantage of the tax savings, and then they’ll use those savings to buy extra merchandise and they’ll actually buy merchandise that is not tax exempt when they are out at the stores", Fleming explained. "So, we see this as a pretty big stimulus for the retail industry."
Last year was the first time computers were included in the sales tax holiday. Fleming says consumers can get good deals on top of saving the 6% state sales tax. That's because many retailers treat the sales tax holiday the way they do Black Friday, competing for customers and offering sales not seen at other times of the year.