Fiscal Notes: Head Back to School with Tax Savings
TEXAS, August 7 - FROM THE DESK OF GLENN HEGAR
Texans have saved an estimated $1.8 billion in combined state and local sales tax since the state’s oldest sales tax holiday started in 1999. Though unofficially known as the back-to-school tax holiday, these savings aren’t just for school-age children. Most clothing, footwear and school-related supplies priced under $100 are exempt from sales tax Aug. 9-11.
Comptroller Glenn Hegar details the economic impact on Texans’ wallets and how it has helped his children better understand family finances.
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