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Florida back-to-school sales tax holiday. A 14-day back-to-school sales tax holiday is proposed from July 29 to Aug. 11, 2024, for clothing, footwear, and backpacks costing $100 or less, school ...
The 2024 Florida back-to-school sales tax holiday does not apply to: Any item of clothing with a sales price of more than $100. Any school supply item with a sales price of more than $50.
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A tax holiday may be granted to particular activities, [2] in particular to develop a given area of business, [3] or to particular taxpayers. [4] Researchers found that on sales tax holidays, households increase the quantities of clothing and shoes bought by over 49% and 45%, respectively, relative to what they buy on average. [5]
There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town). Sales tax on liquor was repealed in a 2010 referendum vote.
In January 2022, Florida governor Ron DeSantis proposed a $1 billion gas tax holiday to counter inflation. The proposed policy would have occurred between July 1, 2022, and November 30, 2022. [ 7 ] The final legislation resulted instead in a one-month gas tax holiday for October 2022. [ 8 ]
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This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .