Sales tax holiday set for this weekend | News
It’s time to grab the new backpacks and sneakers this weekend, as the state’s sales tax holiday runs from Friday to Sunday.
The sales tax holiday means shoppers don’t have to pay sales tax on typical back-to-school shopping items, from footwear to school supplies, as long as the individual items are less than $100. This will save shoppers about $8 for every $100 they spend, according to the state comptroller’s office.
Shoppers can earn money back for school shopping in Denton this weekend. At Golden Triangle Mall, if shoppers spend a combined $125 during their visit, they will get a $20 gift card to either Buckle or H&M, said Matt Ludemann, the mall’s manager.
“We expect the majority of our shoppers will be looking for back-to-school clothing, shoes, socks and other items,” he said.
Mall hours are going to remain the same, 10 a.m. to 9 p.m. Friday and Saturday and noon to 6 p.m. Sunday. Some retailers could open an hour or two earlier, but no retailers have confirmed early openings, Ludemann said.
They’re expecting increased foot traffic this weekend, and will also feature live music on Friday and Saturday at the stage near the food court, Ludemann said.
“We had a lot of people reach out wanting to perform more, so we thought it would be a great weekend to tie it all together since there will be increased traffic,” he said.
The National Retail Federation expects the average family with children in K-12 will spend $696.70 getting ready for school, the highest ever recorded by the organization. They also estimate that the average spending per household with back-to-college shoppers will be $976.78, another all-time high.
Top items for college students will be electronics, furniture and food, with huge growth in the spending on college-branded items, according to the report. They anticipate on average, a student will spend $62.22 on college-branded items, up 17 percent from last year.
“College shoppers are really showing their school spirit when it comes to buying collegiate gear this year,” NRF president and CEO Matthew Shay said in a press release.
This weekend, items that qualify to be tax-free include: clothing, footwear, sportswear, school supplies and backpacks. For a complete list of qualifying items, visit comptroller.texas.gov/taxes/publications/98-490.
JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennafduncan.