State law exempts sales tax on clothing, shoes, school supplies and backpacks that are priced below $100. Diapers too.
State law exempts sales tax on clothing, shoes, school supplies and backpacks that are priced below $100. Diapers, too.
This will be the 24th year for the sales tax holiday, the rules of which are established by the Texas Legislature. This year,Sales tax will be exempt on items such as clothing, shoes, school supplies and backpacks that are priced below $100. The savings in Dallas and most cities amounts to 8.25% in state and local sales taxes.
But things are costing more, and that may make saving 8.25% a bigger deal for family budgets. It’s not unusual for parents to spend several hundred dollars on back-to-school purchases. Receipts totaling $500 will net a savings of $41.25 that can be used for something else. New comptroller sales tax disbursements released Monday from June retail sales revealed that consumers are still spending at high levels for auto repairs and home improvements, but general merchandise and online purchases were up more modestly.