Sales tax holiday includes technology items

TALLAHASSEE — The Florida Retail Federation (FRF), the state’s premier trade association celebrating more than 80 years of supporting Florida’s retailers, is encouraging consumers and retailers to prepare for the upcoming Back-to-School Sales Tax Holiday. This popular annual “holiday” takes place Aug. 2 to 6. During this time, consumers will not have to pay sales tax on thousands of eligible items such as clothes, shoes, school supplies and the return of technology items. The sales tax holiday also benefits Sunshine State retailers who see increased sales and as a result, create new jobs for hard working Florida families.

“We are excited to support this generous five-day tax free holiday. This annual event provides Floridians with much-needed tax relief while providing a nice boost to our local retailers,” said FRF President and CEO R. Scott Shalley. “We commend Governor DeSantis and our legislative leaders for their support of Florida’s families.”

Serving as the state’s second busiest shopping “holiday” behind Black Friday, this year’s list of eligible items includes technology items up to $1,000 (not included in 2018), clothing, shoes and bags costing $60 or less and school supplies $15 or less. Nationally, the average family shopping for K-12 students is expected to be $696.70, the highest in survey history, according to FRF’s national partners at the National Retail Federation’s annual survey. Total spending nationally is expected to be slightly lower than last year, due to fewer families with students in grades K-12, totaling $26.2 billion, down from $27.5 billion.

Families with college students are expected to spend an average of $976.78, which is up from last year’s $942.17 and tops the previous record of $969.88 set in 2017. With fewer respondents saying they are attending college, spending is expected to total $54.5 billion, down from last year’s record $55.3 billion.

Total spending nationally for K-12 schools and college combined is projected to reach $80.7 billion, down from last year’s $82.8 billion largely because of the decreased number of households with children in elementary through high school.

According to the survey, back-to-school shoppers plan to spend the most on clothing ($236.90). In addition, shoppers also plan to spend:
• $203.44 on electronics such as computers, calculators and phones;
• $135.96 on shoes;
• $117.49 on supplies such as notebooks, pencils, backpacks and lunch boxes.

K-12 families plan to do most of their shopping at department stores (53 percent), discount stores (50 percent), online (49 percent), clothing stores (45 percent) and office supply stores (31 percent).

Among K-12 shoppers, teens are expected to spend an average $36.71 of their own money, up from $30.88 10 years ago, while pre-teens should spend $26.40, up from $11.94 from 10 years ago.

College shoppers plan to spend the most on electronics ($234.69), followed by:
• $148.54 on clothing and accessories;
• $120.19 on dorm and apartment furnishings;
• $98.72 on food items ($98.72).

They plan to do most of their shopping online (45 percent), followed by department stores (39 percent), discount stores (36 percent), college bookstores (32 percent) and office supply stores (29 percent).

“Consumers desire the ability to shop in different ways and at different times, and retailers have responded by providing innovative shopping options for them to choose from,” said Shalley. “We’re proud of the many technological advancements our retail members have made that ensure everyone’s shopping experience is fun, safe and easy.”

The back-to-school sales tax holiday has been one of the most popular shopping holidays among consumers and retailers and has been providing vital tax relief since it first began. The holiday has been recognized in 18 out of the 22 years since it first began in 1998. This year will mark the 10th year in a row it has taken place. For the complete list of eligible tax-free items, visit FRF.org.

You are encouraged to leave relevant comments but engaging in personal attacks, threats, online bullying or commercial spam will not be allowed. All comments should remain within the bounds of fair play and civility. (You can disagree with others courteously, without being disagreeable.) Feel free to express yourself but keep an open mind toward finding value in what others say. To report abuse or spam, click the X in the upper right corner of the comment box.

Facebook Comment