Florida’s back to school tax holiday begins on Monday
Florida retailers hope for a boost to summer sales with the start Monday of a back-to-school sales tax “holiday.”
The tax holiday, which will last through Aug. 6, will allow shoppers to avoid paying sales taxes on clothes, shoes, school supplies and personal computers. Lawmakers and Gov. Ron DeSantis also approved a second similar holiday that will be held during the first two weeks of January, providing a chance to replenish supplies at the start of the spring semester.
Florida Retail Federation President and CEO Scott Shalley expressed cautious optimism for the upcoming discount period, as “some of our stores have been down a little bit.”
“Hopefully, the back-to-school sales tax holiday will incentivize folks to get out and about and patronize a local retailer,” Shalley said.
National chains such as Office Depot, Best Buy, Kohl’s and Target have already announced back-to-school sales, with some including discount programs for students and teachers.
Deloitte Consulting has warned that strained household budgets and continued high prices after two years of inflation could dampen the back-to-school season.