If you’re planning back to school shopping, you might want to wait until Friday to start — and plan to finish up by Aug. 15.
That’s because that time period is when a partial sales tax holiday will be in effect in Illinois.
If you’re planning back to school shopping, you might want to wait until Friday to start — and plan to finish up by Aug. 15.
That’s because that time period is when a partial sales tax holiday will be in effect in Illinois.
The holiday will lop 5 percentage points off the normal sales tax on school supplies used by students and on clothing and footwear selling for $100 or less.
The list of what is and isn’t covered by the holiday is lengthy and complex — but if you were planning to buy items on the list, you could save a few bucks by going shopping during the holiday period.
And while the event is promoted with the back-to-school theme, you don’t have to be buying the qualifying items for a kid to get the tax break.
It’s the first time Illinois has offered such a targeted sales tax break, but the concept has proved popular in other states.