Sales Tax Holiday for Back-to-School in Florida

Some clothes, books and school supplies will be tax free in Florida next week (July 22 - 30), and retailers are hoping the back-to-school time tax break boosts sales.

The six percent state sales tax and any accompanying local sales tax won't be collected on clothes and books costing $50 or less and school supplies with a sales price of ten bucks or less.

The holiday runs through July 30, giving Floridians two weekends of tax free shopping.

The Florida Retail Federation predicts that the tax holiday will help boost back-to-school spending above the 19 percent increase that's predicted for the nation as a whole.

The National Retail Federation estimates that families with school aged children will spend about $527 on average on back-to-school shopping this year, up from about $444 in 2005.

The tax holiday has been held in several years in Florida since the first one in 1998.