Have you started your back to school shopping yet? Or maybe you need something new for yourself? Connecticut’s annual holiday from the sales tax begins on Sunday, August 18th and runs through Saturday, August 24th. During this third week of August, individual items of clothing and footwear that cost less than $300 are completely exempt from state sales tax – other than sports equipment, specialty clothing, jewelry and accessories. Store sales, catalog and on-line purchases, purchases on layaway and rentals are exempt. In addition, the tax free holiday week includes items valued at more but discounted to under $300 with sales, coupons and similar merchant promotions.
Check those sales ads and get your coupons ready! You could score a real bargain this week! And as always, don’t forget to shop local when possible. For every $100 spent in a locally-owned business, $68 returns to the community. Spend the same amount at a national retailer and only $43 comes back. Spend it online and the local community receives $0 (Source: Civic Economics 2008 Study).
