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Governor Rell Announces Annual Tax Free Week August 15-21

August 5, 2010

Sales Tax Free Week coincides with end-of-summer sales and back-to-school shopping. It's the perfect opportunity for both residents and tourists to be smart shoppers and save money on the items they need most at this time of year � clothing and footwear," Governor Rell said.

The state's first math lesson of the new school year is to subtract the 6 percent sales tax for all clothing and footwear costing less than $300 per item and add up the savings. It's an easy lesson in saving money," Governor Rell noted. For this week only, the increased exemption replaces the $50 standard exemption for clothing and footwear.

This will be the fifth "Sales Tax Free Week" in Connecticut. The state's nonpartisan Office of Fiscal Analysis has projected that the state will forgot about $3.3 million in sales tax revenues during the week.

Governor Rell will visit Westfarms Mall at the West Hartford/Farmington line on Tuesday, August 10, to promote Sales Tax Free Week. The Governor will speak in the mall's center court at 11 a.m.

Clearly, a week free from the sales tax has been extremely popular with Connecticut residents during the last five years. Once again, the state will offer consumers an opportunity to save tax dollars on their purchases of clothing and footwear during this special week," Governor Rell said. "The summer holiday from the state sales tax helps shoppers maximize their household budgets, helps retailers with increased sales, and gives Connecticut's economy a boost."

Governor Rell said shoppers can also take steps to maximize their savings on purchases. Because sales tax is applied after the use of any coupons or discounts, if the final price is less than $300, the sale is exempt from taxes. Layaways and rentals of clothing or footwear under $300 are also tax-free during the tax exclusion week. For purchases costing $300 or more, sales tax is calculated on the full cost of the item.

For answers to questions about the Connecticut Sales Tax Free Week for both consumers and retailers, the Department of Revenue Services (DRS) has posted details on its web site at www.ct.gov/drs. The DRS web site also has links to other publications to help consumers understand the regular sales and use tax exemption on clothing and footwear.

Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.