Back-to-school sales tax holiday starts Friday
List of
eligible items available to help with shopping
Send a link to a friend
[August 04, 2010]
SPRINGFIELD -- With the first statewide
back-to-school sales tax holiday starting Friday and running through
Aug. 15, the Illinois Department of Revenue is reminding families to
plan on shopping for the new clothes and school supplies their
children need to get a good start at school this year. A
list of items qualifying for the 5 percent sales tax break is
available at
www.tax.illinois.gov and can be downloaded or printed from any
computer and used to help plan necessary back-to-school purchases.
|
"Parents and guardians looking forward to sending their children
back to school should welcome the sales tax holiday. This is the
equivalent of a 5 percent discount on the must-have items for the
first day of school," said Brian Hamer, director of the Illinois
Department of Revenue. Retailers across the state have announced
plans to open their stores early to kick off the sales tax holiday
and are offering additional discounts on items required or desired
for back-to-school. In addition to those items needed immediately,
families should consider stocking up on basic supplies that will be
necessary for the balance of the school year. Virtually all items
required by classroom teachers, including paper, binders, pens,
pencils, crayons, rulers, erasers, chalk, tape, paste and glue, will
be eligible for the reduced sales tax rate. Other eligible items for
reduced taxes include clothing that costs less than $100 per item,
including shoes, outerwear, uniforms, gloves, hats and mittens.
During the 10-day sales tax holiday, the 5 percent portion of
sales taxes collected at retail registers will be waived. Sales
taxes collected on behalf of local governments will continue to be
collected. The tax holiday runs about a week longer than those in
Iowa and Missouri, which traditionally occur during the first
weekend in August. This provides Illinois families more time to
select and purchase the items their children need for
back-to-school.
Families in Illinois spend between $800 million and $1.2 billion
on back-to-school gear for their children. The 5 percent sales tax
holiday will save them between $40 million and $60 million in tax
payments.
[Text from
Illinois
Department of Revenue file received from
the
Illinois Office of
Communication and Information]
|
|