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Illinois announces sales tax holiday for back-to-school items
By Edith Barlow on Jul 8th, 2010
School supplies are one cost that could cause people to have to pull out their credit cards, but people in Illinois may get a break in August.
Governor Pat Quinn recently signed a bill that would create a sales tax holiday from August 6 to 15. During that time, certain items will not be subject to the state's 5 percent portion of a transaction.
"Back-to-school shopping can be expensive and difficult for families that are already struggling to make ends meet," Quinn said.
The state noted that parents in Illinois spend anywhere from $800 million to $1.2 billion on school supplies annually. The holiday would apply to items such as paper, binders, pens, pencils and other typical supplies. Furthermore, clothing with a price tag of less than $100 would also be subject to the break.
A recent national survey from PriceGrabber.com showed that 49 percent of those polled said they would spread out their back-to-school shopping over a number of months in an effort to make it easier on their pocket book.
As a result, some of these people may find they don't have to rely on credit card debt as much.
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