Wednesday, January 19, 2022

In Md., it’s tax-free week for back-to-school

-

Every year, Maryland and many other states sponsor a tax-free week, where people can buy clothes and some school supplies without paying sales tax. The tax holiday runs from August 8 through 14 this year in the Free State.

Illinois has no tax holidays scheduled this year. However, the sales tax structure in Illinois is different from that in Maryland in that Illinois law allows for a variety of independent taxing authorities; in Maryland, the only sales tax is paid directly to the state at a rate of 6 percent.

Some restrictions apply, according to the Maryland comptroller’s office. But tax-exempt sales on individual back-to-school-related items under $100 and on the first $40 of backpacks under $100 are available during the week that begins on the second Sunday of August each year in Maryland.

Sales of accessories, such as wallets and sunglasses, are generally taxable, but most clothing under $100 is can be purchased tax-free to the consumer.

Paul Katulahttps://news.schoolsdo.org
Paul Katula is the executive editor of the Voxitatis Research Foundation, which publishes this blog. For more information, see the About page.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Chicago Public Schools closed Wednesday

0
Chicago Public School students stayed home Wednesday, following a vote by teachers not to report to work due to the pandemic.

Top 11 school headlines of 2021

A Christmas parody from Nanook the Huskie

Holiday baking suggestions from IL students

Guns brought to 2 Md. high schools

Deadly tornadoes rip IL, 5 other states

Concerns over shooting suspect’s behavior