Council Pushing For Tax-Free Back-To-School Shopping Day

Indiana Retail Council officials say having a tax holiday when people are preparing for their children to return to school helps businesses and their customers.

school shopping

Photo: CherryPoint

Isabel and Elizabeth Price, 11 and 12-years-old, shop for school supplies for the upcoming year at school supplies at the Marine Corps Air Station Cherry Point, N.C., Base Exchange. The National Retail Federation predicts people will spend $635 per family this year, compared to $688 last year.

The Indiana Retail Council plans to push again next year for legislation that would create a sales tax holiday for back-to-school shopping.

IRC President Grant Monahan says the plan would suspend sales taxes on clothing, school supplies and computers bought during a three-day back to school shopping period. He says it would save the average Hoosier family about $45 in sales taxes. This comes as Hoosier parents are getting their kids ready to go back to school this year.

Monahan says mid to late summer is the second busiest shopping season of the year for retailers.

“The National Retail Federation projects that average families will spend $635 on back-to-school shopping, so it’s an important time for retailers and for their customers,” he says.

The average family spent about $688 last year, and NRF data shows back-to-school shopping represents $72.5 billion for retailers nationwide.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Education Stories

Recent Videos

Find Us on Facebook