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 17th through Saturday, August 23rd. This 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 put on layaway is also tax-free. Tax Free Week was first enacted in 2000, and applies to most clothing and footwear purchases 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. Clothing and footwear will be exempt from sales and use taxes during that week. Exempted are specialty boots for fishing, hiking, skiing and other activities, as well as wet suits, wallets, umbrellas, helmets and headbands. ct.gov/drs/cwp/view.asp?a=1436&q=509662
Posted on: Wed, 06 Aug 2014 19:11:35 +0000
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