As you prepare for Valentine’s Day, you might want to consider some of the ways that you can save money on your purchase.
Candy is a popular Valentine’s Day gift. There are a handful of states that exempt sales of food but tax sales of candy. The twist to this is the definition of candy. A common sales tax definition of candy is – “A preparation of sugar, honey, or other natural or artificial sweeteners in combination with chocolate, fruits, nuts or other ingredients or flavorings in the form of bars, drops, or pieces. “Candy” shall not include any preparation containing flour and shall require no refrigeration.” That means that Kit Kat Bars, Classic Milky Way Bars, and Twix Bars are some items that do not meet the definition of candy since they contain flour. You can save money on candy with flour in the following states:
- North Dakota
- New Jersey
- Rhode Island
Let’s say you like to buy something bigger like jewelry but are looking for something more practical considering our current economic conditions. If you live in Maryland, maybe you should give a “coupon” to your loved one that allows them to go shopping for an Energy Star Product during the Shop Maryland Energy weekend from February 16th to 18th. Nothing says love like a new energy efficient clothes washer or furnace. http://www.marylandtaxes.com/shopmd/default.asp
Happy Valentine’s Day!