Saturday, August 11, 2012
Connecticut Tax Free Week Coming Up
I just received this notice from Terrie Wood, my state representative. It's good to keep in mind that you can buy clothes and shoes under $300 without paying sales tax for a week, starting August 19.
With the start of school just around the corner, I wanted to remind you to take advantage of the upcoming “Tax Free Week" which runs from Sunday, August 19 through Saturday, August 25.
The one-week event eliminates Connecticut’s 6.35 percent sales tax on all clothing and footwear costing less than $300 per item and runs from the third Sunday in August through the following Saturday.
Since sales tax is calculated after the use of any coupons or discounts, if the final price is less than $300, the sale is exempt from taxes. Clothing or footwear under $300 either rented or put on layaway is also tax-free.
Purchases totaling more than $300 will have sales tax calculated on the full cost.
Tax Free Week was first enacted in 2000, and applies to most clothing and footwear purchases that are intended for everyday use. Goods not covered under the program include items that are solely intended for use in sporting activities and accessories such as jewelry, watches, handbags, and wallets.
For more information, visit the Department of Revenue Services website at http://www.ct.gov/drs/.