tool time

‘Tool Time’ Tax Holiday in Florida Starts Saturday

Dan Agri-Business, Economy, Florida

tool time
Image by mipmapgames from Pixabay

If you have a few projects around the farm in you need to get started on but keep putting them off, then now’s the time to get serious about them. Florida’s first “tool time” sales-tax holiday on tools and other home-repair and construction items will kick off this weekend.

According to the News Service of Florida (NSF), the seven-day holiday will allow shoppers to avoid paying sales taxes on numerous home-repair and construction items from this Saturday through Friday, September 9th.

The name of the holiday loosely comes from a home-improvement show within the 1990s sitcom “Home Improvement.” The idea of the discounts is to recognize the efforts of workers, lawmakers said.

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NSF Notes the tax package (HB 7071), which Gov. Ron DeSantis signed in May, also included tax holidays for purchasing disaster-preparation items before hurricane season, back-to-school items before children went back to classes and entertainment and recreation items around Independence Day. Plus, the state gasoline tax will be suspended for a month in October.

State economists have projected the tool-time holiday will reduce state revenue by $9.6 million and local revenue by $2.8 million.

Here are some of the purchases exempt from sales taxes during the tool-time holiday:

  • Work gloves that cost $25 or less.
  • Hand tools, LED flashlights, safety glasses, protective coveralls and duffle bags that cost $50 or less.
  • Tool boxes that cost $75 or less.
  • hop lights, tool belts and electrical-voltage and related testing equipment that cost $100 or less.
  • Handheld pipe cutters, drain opening tools and plumbing-inspection equipment that cost $150 or less.
  • Work boots that cost $175 or less.
  • Power tools and tool boxes for vehicles that cost $300 or less.