Texas shoppers can save a little money the weekend of Aug. 10-12 when sales taxes are eliminated on most clothing and school supplies priced less than $100.
Savings amount to about eight percent of the purchase price, sometimes a little more, during the annual Texas Sales Tax Holiday.
Over the weekend, most footwear and clothing sold for less than $100 are exempted from sales taxes. The exemption applies to each eligible item that sells for less than $100, regardless of how many items are sold on the same invoice to a customer. For example, if a customer purchases two shirts for $80 each, then both items qualify for the exemption, even though the customer’s total purchase price ($160) exceeds $99.99.
The exemption does not apply to the first $99.99 of an otherwise eligible item that sells for more than $99.99. For example, if a customer purchases a pair of pants that costs $110, then sales tax is due on the entire $110.
For the full story see the Aug. 1 issue or subscribe online.
From Staff Reports • [email protected]
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