The 10 zero-rated items to save Americans $100 are now in effect, from clothes to diapers
FLORIDA has authorized a bill implementing 10 tax-free holidays where residents will receive financial relief on items such as school supplies and gasoline.
House Bill 7071 was approved and signed by Florida Governor Ron DeSantis on May 6 and will provide Floridians with the essentials for specific months.
It is one of the largest tax relief plans in state history with $1.2 billion allocated to help its residents.
This type of aid comes as inflation remains at an all-time high, driving up the cost of goods in nearly every industry.
Mr DeSantis said in a statement: ‘In Florida, we will support our residents and help them buy the goods they need.
A huge benefit for Floridians will be throughout October when gasoline is zero-rated.
According to a press conference, DeSantis said drivers would save nearly 25 cents per gallon.
Parents of children five and under will benefit from July 1, 2022 to June 30, 2023, as diapers and children’s clothing will be zero-rated year-round.
In addition, children’s books will be zero-rated for three months from May 14 to August 14, 2022.
A 14-day back-to-school tax holiday will run from July 25 to August 7 and the following items will be zero-rated:
- Clothing, shoes and backpacks costing $100 or less
- School supplies and learning aids costing $50 or less
- Personal computers or computer accessories, including non-recreational software, costing $1,500 or less
A 14-day Disaster Preparedness Tax Holiday from May 28 to June 10 will provide the following zero-rated items:
- Flashlights and lanterns costing $40 or less
- Radios costing $50 or less
- Tarps costing $100 or less
- Coolers costing $60 or less
- Batteries costing $50 or less
- Smoke detectors, fire extinguishers and carbon monoxide detectors costing $70 or less
- Generators costing $1,000 or less
The second annual tax holiday called Freedom Week will run from July 1 to July 7 and will offer the following tax-free items:
- Tickets for movies and museums
- Single entry or season tickets for theater and dance performances
- State park admission and annual passes
- Use of fitness facilities
- Tickets, subscriptions and passes to be used from July 1 to December 31, 2022
The sales tax exemption on tools for skilled workers will be from September 3 to 9, and the following tools used by skilled workers will be tax-exempt:
- Some hand and power tools
- work boots
- Security equipment
- Shop lights
- Tool boxes and belts
- Plumbing and electrical equipment
- Industry manuals and codebooks
Complete list of the 10 tax holidays
- October 1 – October 31, 2022: Fuel Tax Holiday – $200 Million in Tax Relief
- May 14 – August 14, 2022: Three-Month Sales Tax Exemption for Children’s Books – $3.3 Million in Tax Relief
- May 28 – June 10, 2022: A 14-day disaster preparedness tax holiday for supplies such as flashlights, radios, tarps, batteries and fire extinguishers – $25.6 million in tax relief
- July 1 – July 7, 2022: Seven-day Freedom Week offering sales tax exemption for specific entries and items related to recreational activities – $70.6 million in tax relief
- July 1, 2022 – June 30, 2023: One-Year Sales Tax Exemption for Baby and Toddler Clothing and Shoes – $81.5 Million in Tax Relief
- July 1, 2022 – June 30, 2023: One-Year Sales Tax Exemption for Children’s Diapers – $38.9 Million in Tax Relief
- July 1, 2022 – June 30, 2024: Two-Year Sales Tax Exemption for Impact-Resistant Windows, Doors and Garage Doors – $442.8 Million in Tax Relief
- July 1, 2022 – June 30, 2023: One-year tax holiday on sales of Energy Star appliances for washing machines, dryers, water heaters and refrigerators – $78.5 million in tax relief
- July 25 – August 7, 2022: A 14-day back-to-school sales tax holiday for clothing, shoes, backpacks and school supplies – $100 million in tax relief
- September 3 – September 9, 2022: Seven-day tax holiday for tools and other home improvement items – $12.4 million in tax relief
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