Stores prepare for changes in CT Tax-Free Week
Connecticut's Tax-Free Week begins Sunday, just in time for back-to-school shoppers, but officials say this year the program underwent some changes. The new state budget requires that only items $100
News 12 Staff
•
Aug 15, 2015, 2:00 AM
•
Updated 3,176 days ago
Share:
Connecticut's Tax-Free Week begins Sunday, just in time for back-to-school shoppers, but officials say this year the program underwent some changes.
The new state budget requires that only items $100 or less will be tax-free.
Previously, the tax was waived for purchased under $300.
At Chou Chou in Wilton, employees had been advertising sales using the old system, and now they say they'll likely face a loss.
Experts say the state will likely gain $1 million in revenue due to the change. They call it a tax increase.
But state Sen. Bob Duff says the weeklong tax holiday could still save shoppers up to $6 million.
Lawmakers say they may bring the exemption back to $300 in the future.
