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Tax Holidays Trend Turning? RIVERWOODS, Ill., Aug. 8, 2002 Several states have established sales tax holidays in August, during which back-to-school items such as clothing, footwear, school supplies and computers may be exempt. However, according to tax and business information and software provider CCH, the tax holidays trend may be turning. In addition to New York, which made its sales tax holiday for clothing permanent, three other states which once had sales tax holidays are not offering them this year. A proposed Florida sales and use tax holiday for certain items of clothing and school supplies in the fall of 2002 died in the Senate. Maryland and Pennsylvania, which had tax holidays in August 2001 (Pennsylvania also had one February 17 to 24, 2002), do not have holidays in place for August 2002.
"The trend to offering holidays may be ending. As long as states face budget crunches, it may be difficult for them to forego even a few days of sales tax revenue on a limited number of items," commented Daniel Schibley, JD, state tax analyst with CCH.
Many states' sales tax holidays for back-to-school items came and went earlier this month, but the remainder of August 2002 brings savings to the residents of the following states:
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