If you are planning on going shopping soon, hold off until Sunday. That’s when Tax Free Week begins.
Starting on Aug. 15, there is no sales tax on clothing or shoes under $300. Normally, only items $50 or less are exempt.
“Sales Tax Free Week coincides with end-of-summer sales and back-to-school shopping. It’s the perfect opportunity for both residents and tourists to be smart shoppers and save money on the items they need most at this time of year – clothing and footwear,” Gov. M. Jodi Rell said.
This will be the fifth “Sales Tax Free Week” in Connecticut. The state will forgo about $3.3 million in sales tax revenues during this time.
Rell said shoppers can also take steps to maximize their savings on purchases.
Because sales tax is applied after the use of any coupons or discounts, if the final price is less than $300, the sale is exempt from taxes.
Layaways and rentals of clothing or footwear under $300 are also tax-free during the tax exclusion week.
For purchases costing $300 or more, sales tax is calculated on the full cost of the item.
The tax free event runs until Saturday, Aug. 21. For more information on Tax Free Week click here.