ROLLING MEADOWS, IL - JULY 26: Crayola markers are seen in the back-to-school section in a Wal-Mart store July 28, 2003 in Rolling Meadows, Illinois. Wal-Mart said that sales in the month of July at its U.S. stores that were open at least one year could top expectations. Warm weather has helped turnaround slower retail sales following the cooler weather of May and June. (Photo by Tim Boyle/Getty Images)
The Senate was slated to hear the strike all amendment on Tuesday but temporarily postponed the discussion. A scaled back version of popular tax break was returned to the proposal today.
Last year’s back-to-school tax holiday ran for 10 days. Under the new proposal, this year’s tax break would span just 3-days, the federation said.
“On behalf of Florida’s 270,000 retailers and the millions of Floridians who all rely on this holiday, I want to thank the House and Senate for recognizing the importance of the Back-to-School sales tax holiday and returning it to the tax package,” said FRF President/CEO Randy Miller. “We look forward to the positive impact this 3-day sales tax holiday will have on Florida retailers’ bottom line, as consumers take advantage of buying their supplies while also saving money.”
The federation said consumers have come to rely on the sales tax holiday. Retail experts argue that shoppers prefer sales–tax holidays over sales and discounts offered by individual retailers.
The tax break also boosts wages for retail employees, the federation said.