State legislators cite $2 billion budget deficit as reason for cutting tax break

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Schoolchildren grew taller, their feet got bigger and their backpacks fell apart since the last bell rang.

But here’s a sober reminder to back-to-school shoppers waiting for the tax-free holiday to replace the old with the new. You won’t get that relief this year. State legislators did not renew the popular tax break weekend, citing a $2 billion budget deficit.

Since 2002, the sales-tax free weekend aimed to help consumers — and especially parents — save on apparel, footwear, school supplies and computers. While it generated a frenetic buzz for shoppers and retailers alike, it cost the state $12 million in revenue. A similar break usually held in October for energy efficient appliances and other items resulted in a $500,000 loss of tax revenue.

The back-to-school tax-free weekend was proposed this year for July 29-Aug. 2, but the legislature has to approve the holiday each year.


Full story: Back-to-school tax break expelled  |