Friday, 17 August 2012 07:00
August is the time of year where families get ready for the school year and life gets just a bit faster. To prepare for the upcoming back to school rush, Texas shoppers get a break from state and local taxes all weekend, starting today.
As in previous years, the law exempts most clothing, footwear, school supplies and backpacks priced under $100 from sales and use taxes. Lay-away plans can be used again this year to take advantage of the sales tax holiday. According to Texas Comptroller Susan Combs, the break can save shoppers roughly $8 on every $100 they spend.
State Senator Juan “Chuy” Hinojosa said the sales tax holiday will create an economic boost.