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New England News
Thu August 16, 2012
CT Sales Tax Holiday Begins on Sunday
It's back to school, and Connecticut is kicking off its annual sales tax holiday. WAMC’s Lucas Willard reports…
Beginning Sunday and ending Aug. 25, items of clothing and footwear costing less than $300 are exempt from the 6.35 percent state sales tax.
Sports equipment, specialty clothing, jewelry and accessories are not included.
The tax-free holiday covers items valued at more than $300 and discounted with sales, coupons and other promotions.
The Malloy administration says waiving the sales tax for a week will help consumers buy more items and boost shopping for Connecticut's retailers.
The state expects to lose $7.5 million in revenue by dropping the tax for one week.
Copyright 2012 The Associated Press. All Rights Reserved.