Business
Piggy Bank 5-28-16

Saturday is the End of Tax Exempt Shopping Week: What’s Exempt & What Isn’t

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With the start of school just around the corner,  take advantage of the upcoming “Tax Free Week” which runs through the end of today, Saturday, Aug. 27. This one-week event eliminates Connecticut’s 6.35 percent sales tax on clothing and footwear costing less than $100 per item. Additionally, new and used college textbooks are exempt from the state 6.35 percent sales tax for students who present a valid college ID at the time of purchase. Since sales tax is calculated after the use of any coupons or discounts, if the final price is less than $100, the sale is exempt from taxes.

Business
Tax Free Sales Week

CT Tax Free Sales Week Starts Sunday, Runs Through Saturday, Aug 22

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Connecticut Tax-Free Week starts on Sunday and means you won’t be paying the state sales tax on most items of clothing priced (or sale priced) at less than $100. The state won’t charge for taxes through the week (ending Saturday, Aug. 22). There are certain rules about tax-free buying that you may want to be aware of (for instance, athletic shoes used only for athletics — think soccer cleats — still have a tax on them). For details, see this Web page on the state Department of Revenue Services website.