July 23, 2004
Florida retail merchants, gas stations and convenience stores are putting the finishing touches on preparations for a sales tax holiday that begins at 12:01 a.m. Saturday, July 24, and a gas tax cut that goes into gear August 1.
Neither state nor local sales tax will apply to books, clothing, footwear, and certain accessories selling for $50 or less during the nine-day sales tax holiday. No sales tax will apply to certain school supplies selling for $10 or less. Under legislation adopted by Florida lawmakers and signed by Governor Bush, the sales tax holiday runs through midnight, August 1. Statewide, Floridians will save an estimated $35.5 million in tax during the sales tax holiday.
Meanwhile, gasoline retailers are gearing up to implement a one-month cut in the state's gasoline tax, to begin at 12:01 a.m. August 1. Tax will be reduced by 8 cents per gallon during the 2004 Florida gas tax cut.
Under the terms of the sales tax holiday:
State law requires gasoline retailers, wholesalers, terminal suppliers, and importers to pass these tax savings along to consumers, and authorizes Attorney General Charlie Crist's Office of Statewide Prosecutor to investigate cases in which the tax reductions aren't passed to consumers.
For more information about the sales or gas tax holiday, please call 1-800-352-3671 or visit the Department of Revenue Internet site at www.myflorida.com/dor.