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Tax free week continues through Aug 24

August 21, 2013 Areawide, Business No Comments
“Sales-tax free week is the right time to shop for back to school or back to college but also for seasonal items like winter coats and boots." - CT Dept of Revenue Services Commissioner Kevin Sullivan

“Sales-tax free week is the right time to shop for back to school or back to college but also for seasonal items like winter coats and boots.” – CT Dept of Revenue Services Commissioner Kevin Sullivan

Press Release

Connecticut’s sales-tax free week runs from Sunday, Aug. 18 through Saturday, Aug 24.

The annual sales-tax free week coincides with the onset of back-to-school shopping.

It allows consumers to purchase most individual items of clothing and footwear priced under $300 without having to pay the usual sales and use tax.

“This week-long, sales-tax holiday makes back-to-school shopping a little bit easier for working families, while also helping retailers boost their bottom line,” Gov. Dannel P. Malloy said at a kickoff event at a clothing retailer in Bristol, Insane Irving’s.

“Many stores also plan sales and discounts to coincide with this week, which allows consumers to stretch their hard-earned money a little further,” he said.

Lt. Gov. Nancy Wyman added, “Getting students ready to return to school can often be a stressful time on a family’s budget. This week is designed to give our families some relief at a time when it is truly needed, and I encourage them to take advantage of it.”

Department of Revenue Services Commissioner Kevin Sullivan said the state expects to forego between $7 million and $8 million during sales-tax free week.

“Sales-tax free week is the right time to shop for back to school or back to college but also for seasonal items like winter coats and boots,” he said. “Best of all, merchant promotions will bring the sale price of more expensive items down below the $300 tax-free level.”

Connecticut Retail Merchants Association (CRMA) President Tim Phelan said a national survey indicates clothing purchases will represent the largest portion of parents’ back-to-school budgets this year and the sales-tax free week will allow merchants to help shoppers get the most for their money.

Phelan added, “It’s a win for consumers because they get to see real savings on their purchases, a win for the state because these purchases and others will stay in the state, and a win for retailers who will see increased sales.”

More information about sales-tax free week, including examples of clothing and footwear that meet the exemption criteria, can be found on the Department of Revenue Services website at www.ct.gov/DRS

Posted August 21, 2013

Related links:

Back-to-school organizing tips http://www.schoolfamily.com/school-family-articles/article/833-12-back-to-school-organization-tips

Ways to keep back-to-school costs down http://www.suddenlyfrugal.com/2010/07/5-ways-to-keep-your-back-to-school-shopping-in-check/

Tips on shopping for college student supplies http://www.usatoday.com/story/money/personalfinance/2013/07/17/back-to-school-shopping-tips-and-tricks/2530087/

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