If you have a few projects around the farm that you need to get started on but keep putting off, then now is the time to take them seriously. Florida’s first “tool time” sales tax exemption on tools and other home repair and construction items will begin this weekend.
According to the News Service of Florida (NSF), the seven-day holiday will allow buyers to avoid paying sales tax on many home repair and construction items this Saturday through Friday, September 9.
The party’s name comes loosely from a home improvement show on the 1990s sitcom “Home Improvement.” The idea of the rebates is to recognize workers’ efforts, lawmakers said.
NSF notes that the tax package (HB 7071), which Governor Ron DeSantis signed in May, also included tax exemptions for the purchase of disaster preparedness items before hurricane season, back-to-school items before children only return to class and entertainment and leisure items. around Independence Day. Additionally, the state gasoline tax will be suspended for a month in October.
State economists projected the tool vacation would reduce state revenue by $9.6 million and local revenue by $2.8 million.
Here are some of the sales tax-exempt purchases during the Tool Holidays:
- Work gloves that cost $25 or less.
- Hand tools, LED flashlights, safety glasses, protective suits and sports bags costing $50 or less.
- Toolboxes that cost $75 or less.
- hop lamps, tool belts, and electrical and related voltage test equipment costing $100 or less.
- Portable pipe cutters, drain opening tools and plumbing inspection equipment costing $150 or less.
- Work boots that cost $175 or less.
- Power tools and tool boxes for vehicles that cost $300 or less.