Tax & Accounting Blog

Texas: Sales tax holiday publication updated

Indirect Tax, ONESOURCE, Sales and Use Tax, Transaction Tax September 22, 2011

The Texas Comptroller’s Office is already preparing for next year’s sales tax holiday and has updated its sales tax holiday publication to provide that next year’s tax holiday will be held on July 27, 28 and 29, 2012. The 2012 holiday will exempt most clothing, footwear, school supplies and backpacks priced under $100 from sales and use taxes, which could save shoppers about $8 on every $100 they spend.

For a list of exempt items as well as a list of items that do not qualify see: Texas Tax Publication 98-490, Sales Tax Holiday, Tax-Free Weekend, 09/01/2011