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/.
Best Regards,
Terrie Wood
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