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.