Now Playing
97X
Last Song Played
Your New Alternative
On Air
No Program
Now Playing
97X
Last Song Played
Your New Alternative

Posted: March 04, 2016

Back-to-School sales tax holiday back in state proposal

ROLLING MEADOWS, IL - JULY 26: Crayola markers are seen in the back-to-school section in a Wal-Mart store July 28, 2003 in Rolling Meadows, Illinois. Wal-Mart said that sales in the month of July at its U.S. stores that were open at least one year could top expectations. Warm weather has helped turnaround slower retail sales following the cooler weather of May and June. (Photo by Tim Boyle/Getty Images)
Tim Boyle
ROLLING MEADOWS, IL - JULY 26: Crayola markers are seen in the back-to-school section in a Wal-Mart store July 28, 2003 in Rolling Meadows, Illinois. Wal-Mart said that sales in the month of July at its U.S. stores that were open at least one year could top expectations. Warm weather has helped turnaround slower retail sales following the cooler weather of May and June. (Photo by Tim Boyle/Getty Images)

By Jennifer Sorentrue

The Florida Retail Federation on Thursday praised state lawmakers for returning  a back-to-school tax break to a tax proposal currently under consideration in Tallahassee.

>> Read more trending stories  

The federation said a strike all amendment filed in the Senate last month would have remove the sales tax holiday from the House tax package (HB 7099).

The Senate was slated to hear the strike all amendment on Tuesday but temporarily postponed the discussion. A scaled back version of popular tax break was returned to the proposal today.

Last year’s back-to-school tax holiday ran for 10 days. Under the new proposal, this year’s tax break would span just 3-days, the federation said.

“On behalf of Florida’s 270,000 retailers and the millions of Floridians who all rely on this holiday, I want to thank the House and Senate for recognizing the importance of the Back-to-School sales tax holiday and returning it to the tax package,” said FRF President/CEO Randy Miller. “We look forward to the positive impact this 3-day sales tax holiday will have on Florida retailers’ bottom line, as consumers take advantage of buying their supplies while also saving money.”

The federation said consumers have come to rely on the sales tax holiday. Retail experts argue that shoppers prefer salestax holidays over sales and discounts offered by individual retailers.

The tax break also boosts wages for retail employees, the federation said.

There are no comments yet. Be the first to post your thoughts. or Register.

 
 

 

Instagram

 

TWITTER