Sales tax free weekend in Virginia is August 4

Posted August 05, 2017

The Ohio sales tax holiday, when first introduced in 2015, saved consumers more than $3 million on nearly $47 million worth of back-to-school purchases, according to a 2016 analysis by the University of Cincinnati's Economics Center.

There's no better reminder of that than Virginia's sales tax holiday weekend, which begins at 12:01 a.m. Friday and continues through 11:59 p.m. Sunday.

Other items that qualify for tax exemption including school supplies for $15 or less, clothing, shoes and certain accessories selling for $60 or less per item.

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Sales of any article of clothing or footwear if the price is less than $100 are exempt.

State Sen. John Eklund said the sales tax holiday is important to OH families trying to stretch their dollars on new school supply purchases.

All retailers who sell the exempt items are required to participate, and tax-exempt items are available to anyone shopping in the state.

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And that's a welcome relief given how high back-to-school spending gets. Normally, Iowa's sales tax rate is 6 percent. "Many stores are running additional promotions and providing special offers in addition to the sales tax discount". Examples of items: clothes; shoes; undergarments, like socks, underwear and bras; baby clothes, receiving blankets and diapers; children's costumes; caps and hats; earmuffs, scarves and gloves; formalwear, such as suits, suspenders, bow ties, tights and stockings; swimming suits and trunks.

In years past, shoppers have saved between $2 million and $3 million dollars in taxes, according to a release from the state's revenue department. "I would take advantage of it if I needed one".

Florida retailers have long backed the tax holidays.

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James Miller, the communications director for the Florida Retail Federation, joins the show to talk about how much of an impact saving six percent in sales tax has on shoppers, as well as businesses big and small. "We are excited about the weekend, and we know they are too".