School sales tax holiday to be Aug. 2-4Published 4:18am Monday, July 29, 2013
Elmore County students will return to class in less than a month. Store shelves and racks are stocked with the supplies and clothing to fill back-to-school needs.
Shoppers will have an opportunity to save on school purchases most places in the county during Alabama’s upcoming eighth annual school sales tax holiday. From 12:01 a.m. Aug. 2 to midnight Aug. 4, there will be a tax break on selected back-to-school items.
In addition to the state’s abatement of its 4-cent sales tax, the Elmore County Commission along with the cities of Wetumpka, Tallassee, Millbrook, Eclectic and Prattville, will suspend collection of sales taxes.
Purchases that will be exempt from state sales tax during the holiday are: most clothing costing $100 or less per item; computers, software and computer supplies up to $750 per item; school supplies and textbooks up to $50 per item; and other books up to $30 each.
Not all clothing, electronics and books will be tax-free during the tax holiday. A detailed list of exempt and taxable items can be accessed on the Alabama Department of Revenue’s website at http://revenue.alabama.gov/salestax/SalesTaxHol.cfm.
According to the Alabama Retail Association, the back-to-school buying season has become the second busiest shopping time of the year – second only to the winter holiday shopping season.
“Consumer spending will increase in August, and Alabama’s sales tax holiday will give back-to-school shopping in our state the jump start it needs,” Rick Brown, Alabama Retail Association president.
The National Retail Federation estimates $1.08 billion will be spent to equip and outfit students in the state this year.
And, the sales tax holiday is for everyone, not just students and their parents. All shoppers will be able to enjoy the tax-free benefit on designated items.
A record 274 cities and counties across the state have passed legislation to date to participate in this year’s sales tax holiday according to the Alabama Department of Revenue.
“Stimulating sales is what this weekend is all about,” said Brown. “As it has in the past, we expect the sales tax holiday to boost retail sales and spur purchases in other segments beyond the tax-free items.”