HARTFORD, Conn. (AP) — Time is running out to save money on Connecticut sales taxes.
Saturday marks the final day of this year’s sales tax-free week, aimed at helping consumers with back-to-school purchases and giving a boost to retailers.
Department of Revenue Services Commissioner Kevin Sullivan said the state expects to forego between $7 million and $8 million during the week.
The holiday exempts most individual items of clothing and footwear priced under $300 from the state’s 6.35 percent sales tax.
Tim Phelan, president of the Connecticut Retail Merchants Association, said a national survey indicated that clothing purchases represent the largest portion of families’ back-to-school budgets. Many retailers are running sales and specials in conjunction with the sales tax-free week.