CT tax free week kicks off in time for school shopping - WFSB 3 Connecticut
Member Center:
It's back to school, and Connecticut is kicking off its annual sales tax holiday.
Beginning Sunday and ending Aug. 25, items of clothing and footwear costing less than $300 are exempt from the 6.35 percent state sales tax.
Sports equipment, specialty clothing, jewelry and accessories are not included. The tax-free holiday covers items valued at more than $300 and discounted with sales, coupons and other promotions.
The Malloy administration says waiving the sales tax for a week will help consumers buy more items and boost shopping for Connecticut's retailers.
The state expects to lose $7.5 million in revenue by dropping the tax for one week.
The National Retail Federation expects students of all ages to spend more than $80 billion this year.
To learn more about what a "specialty item" is, click here.
Copyright 2012 WFSB (Meredith Corporation). The Associated Press contributed to this report. All rights reserved.
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