Tax Free Week in Connecticut August 19-25

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
https://activerain.com/droplet/GBt

Tax Free Week in Connecticut August 19-25

 

For the 12th year, the State of CT is waiving sales tax on back to school sales of individual items of clothing and footwear priced under $300. This can be significant for families on a tight budget especially with our 6.35 % state sales tax.

According to the National Retail Federation, the average family will spend an average of $688,62 in back to school purchases this year, with almost half of that being clothes purchases.  While the State might be losing as much as $6 million in tax revenues, the overall benefit to the state could be as much as $120 million in sales, which is good for the economy.

School supplies, such as backpacks, notebooks, pens and pencils, paper and electronic items do not qualify.

For those that have been waiting, the time is now to get a few extra items with the savings. Many stores are also running sales and offering additional discounts as incentives.

Tax Free Week in Connecticut August 19-25

 

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Ed Silva  RE/MAX Professionals,   203-206-0754

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Rainmaker
821,814
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Personally I think all states that have a sales tax should cut them in half or eliminate them entirely

Aug 20, 2012 12:40 AM #1
Rainmaker
2,701,369
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

That is so cool.  I forgot about that.  So, I'll see if I'll be in CT this week to take advantage of this.

Aug 20, 2012 12:45 AM #2
Rainmaker
681,495
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Come to NH where everyday is a tax free day...  Enjoy your shopping.

Aug 20, 2012 12:49 AM #3
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Doug, the revenues are needed in many states so that's not likely to take effect.

Debbie, as petite as you are you wouldn't try to take advantage of the break to buy a dress or slacks for yourself would you?

Aug 20, 2012 12:50 AM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed, many families these day are facing tougher and tougher times, so any help is welcomed.  Now if only the government could stay out of our pockets the rest of the year.

Aug 20, 2012 09:39 AM #5
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