This year’s back to school tax holiday will run statewide from August 19 through 21, 2011. With it’s diversity of stores parents in Market street parents and small businesses will be able to save about $8 for every $100 they spend.
What’s that Small Businesses? According to the state comptroller’s office anyone who is a Texas shopper may benefit from the Holiday. Their definition of a Texas Shopper is anyone in Texas buying qualifying products during the sales tax holiday weekend at a store in Texas or from an Internet or catalog seller engaged in business in this state.
There are some key requirements to to keep in mind in order to save the most when purchasing items.
- Individual items must have a sales price of less that $100
- School or office supplies that are included on the state comptroller lists are many items that are used everyday in households and small businesses. As I peruse the list I see many items that I use in my office everyday such as pens, notebooks, highlighters, tape, folders and etc. A complete list of items that qualify for the Sales Tax Holiday is located here.
- Clothing is also included and there is an extensive list of items that are part of the sales tax holiday as well. The comptroller’s office has also provided a comprehensive list to those items that can be found on their site.
Did you know? That you can purchase items that are not in stock and pay in full for them and still get the Tax Savings.
Purchase wisely: As many of you are aware Borders Bookstore on Market street is in the midst of their final clearance sale. Because this Borders is a larger store the stock from other smaller stores is being shipped there for clearance. In speaking with the store management the store is projected to remain open until September. Before heading into the store makes sure you know which items are tax free during the weekend and which items are not. Also just because they are having a clearance sale doesn’t mean every item is discounted as much as you may think. Do your homework before going and resist the urge to buy based on emotion.
So while money doesn’t grow on trees we can always practice Benjamin Franklin’s frugality of “A penny saved is a penny earned.” In this case $8 saved can go towards the savings of a new house for the family or for that small business to lower their costs and pass that on to families as well.
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