Florida’s ‘Tool Time’ tax holiday is ready to go

Florida’s first “tool time” sales tax exemption on tools and other home repair and construction items will begin on Labor Day weekend.

The seven-day holiday, which was part of a sweeping tax bill passed this year, will allow buyers to avoid paying sales tax on many home repair and construction items from Saturday through September 9. .

“I think it’s just to give our skilled workers a boost,” Florida Retail Federation President Scott Shalley said. “The Legislature and the Governor had a lot of insight to say, ‘Let’s give them a break around Labor Day here.’ I think it’s a good time, especially with the inflationary pressures we’re seeing right now.

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.

“If you think about a year and a half or two years ago when we first started hearing the word COVID, one of the things you started hearing after that is who are essential and essential workers,” Rep. Joe Harding, R-Williston, said as he argued for the March 2 tax holiday on the House floor. “We have heard a lot about our first responders and healthcare workers. But we also learned very quickly how essential the people who pick up a tool bag and drive a work truck every day are. »

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 return to class and entertainment and leisure items around independence. Day.

Bursting with cash, lawmakers and DeSantis also approved a period when people could buy children’s books without paying sales tax and granted one-year tax holidays on items such as baby diapers and Energy Star appliances. 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.

Dominic Calabro, president and CEO of nonprofit Florida TaxWatch, said the vacation would also help “everyday homeowners.”

Here are some of the sales tax-exempt purchases during the Tool Holidays:

— Work gloves costing $25 or less.

— Hand tools, LED flashlights, safety glasses, protective suits and sports bags costing $50 or less.

— Toolboxes that cost $75 or less.

— Shop lights, tool belts, and electrical and related voltage test equipment that cost $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 costing $300 or less.

Copyright 2022 News Service of Florida. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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