2012 Florida Sales Tax Holiday

t’s that time of year again – the one Florida consumers love and Florida vendors despise – the Florida sales tax holiday! For the 2012 year, the sales tax holiday begins August 3, 2012 and ends August 5, 2012. Florida law directs no sales tax or discretionary surtax be collected on certain clothing, footwear, accessories or school supplies.


Purchasers: Items Still Subject to Sales and Discretionary Surtax

Clothing, footwear, and accessories selling for more than $75 are still subject to sales and discretionary surtax. So those $100 Nikes your kid has their eyes on for school will still be taxable. Certain school supplies selling for more than $15 are still subject to sales and discretionary surtax. Meaning those must have TI calculators are still taxable. Books (used, new, academic or non-academic) are still subject to sales and discretionary surtax regardless of the selling price. Clothing, footwear, accessories, and school supplies sold inside a theme park, entertainment complex, public lodging establishment, or airport are still subject to sales and discretionary surtax. For example, your favorite music group puts on a show and you decide to buy a shirt within the venue or arena – the shirt will be subject to sales and discretionary surtax since you bought it inside of the venue or arena. That same shirt (if under $15) would be not be subject to sales and discretionary surtax if you were to buy it in a retail store. Rentals of items are still subject to sales and discretionary surtax, the sales and discretionary surtax exemption only applies to the purchase of eligible items.


Sellers: How to Report Exempt Sales on a Sales and Use Tax Return

If you are filing the DR-15EZ, then these sales will be entered on line 1 (Gross Sales) along with your taxable sales, then these sales will be entered on line 2 (Exempt Sales). The difference between your line 1 and line 2 will compute your taxable sales which you will enter on line 3. After you’ve calculated your taxable sales, you’ll complete your return as you normally would. If you are filing the DR-15, then these sales will be entered in your box 1A (Gross Sales) along with you taxable sales and will also be entered in box 2A (Exempt Sales). The difference between box 1A and box 2A will compute the taxable sales which will be entered in box 3A. After you’ve calculated your taxable sales, you’ll complete your return as you normally would.


Legal Reference

Chapter 2012-32, Laws of Florida (section 22, HB7087)


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