Connecticut”™s annual sales tax “holiday” kicks off Sunday, Aug. 19, and runs through Saturday, Aug. 25, applicable to clothing and footwear purchases under $300 with some exceptions.
The Connecticut Department of Revenue Services estimates consumers will save $7.5 million as a result of the sales tax holiday. Exclusions apply to sports items, jewelry and other accessories and “specialty clothing,” in DRS parlance.
DRS allows sales tax waivers for items priced higher than $300 that are reduced in price via sales, promotions or coupons. For “buy one, get one free” or “two for the price of one” offers, the exemption applies as long as the total sales price for each item is less than $300.
“This as a great opportunity for consumers to stretch their tight household budgets and make the kind of purchases that are always necessary at this time of year,” said Kevin Sullivan, DRS commissioner, in a prepared statement. “In addition, this is a good shot in the arm for our merchants ”“ especially those that help attract shoppers who can maximize the tax exemption through discounted pricing.”
