If your business sells books, clothing, footwear, certain accessories, school supplies, or personal computers in Florida, the upcoming Sales Tax Holiday may impact you. For 3 days in early August, these items will not be subject to state sales tax (if they meet certain price restrictions).
Here are some details about this year’s tax-free shopping days:- The tax-free days will run from 12:01 a.m. on Friday, August 2nd through midnight on Sunday, August 4th.
- Items that will be tax-free are:
- Clothing and footwear selling for $75 or less
- School supplies selling for $15 or less
- For the first time ever, this year, personal computers and related accessories selling for $750 or less (including keyboards, computer mice, personal digital assistants, monitors, modems, routers and non-recreational software)
Retailers are not required to keep additional or special records for the tax-free days. Sales of eligible items that are sold tax-free from August 2nd through the 4th should be reported as exempt sales on your sales tax return for that period. The Florida Department of Revenue has mailed a detailed Tax Information Publication to all active registered sales tax dealers explaining:
- A detailed list of items that are tax-free and which ones are taxable
- What to do when a product contains both exempt and taxable items
- How to deal with gift certificates
- How to handle exchanges of tax exempt purchases after the tax-free days are over
- How to do refunds during/after the tax-free days
- How to handle coupons, rebates, discounts, rain checks and layaways
If you have questions about the sales tax holiday, call the Department of Revenue’s toll-free Taxpayer Assistance line at 800-352-3671 weekdays between 8 a.m. and 7 p.m. Or, you can visit the Department’s website at www.myflorida.com/dor.
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Bob Lancaster Insurance
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