By HELEN HUNTLEY, Times Personal Finance Editor
Published October 1, 2006
Another Florida sales tax holiday starts this week, which means this could be a good time to save a few bucks on a washing machine or a ceiling fan - provided that you need one.
At least 14 states have sales tax holidays this year, but Florida is the champion with three of them. Most sales tax holidays are tied to back-to-school shopping season, but jeans and backpacks were just the starting point for Florida legislators. This year we've had a sales tax holiday for batteries, generators and other hurricane supplies, and now we're getting one for energy-efficient appliances.
The latest holiday, which starts Thursday and
runs through Oct. 11, removes the sales tax on noncommercial purchases of new dishwashers, clothes washers, air conditioners, ceiling fans, light bulbs, dehumidifiers, programmable thermostats and refrigerators that meet Energy Star standards and cost no more than $1,500.http://www.sptimes.com/2006/10/01/Columns/One_more_sales_tax_ho.shtml---
Specifics here:
http://www.state.fl.us/dor/tips/pdf/tip06a01-21.pdffrom Page 3:
(((Example 4: A customer orders a dishwasher and a refrigerator on the same invoice. Both items will be
shipped to the customer, and the customer has no option whether to have the items shipped. The sales
price of the dishwasher is $500 and the sales price of the refrigerator is $1,450. The total shipping charge
for both items is $150.
To determine whether either item is eligible for the exemption, the shipping charge must be proportionately
allocated to each item and separately identified on the invoice. In this example, the invoice must contain
a shipping charge of $38.46 <$500/$1,950 (cost of dishwasher/cost of both items) = 25.64%, multiplied[br />by $150 (cost of shipping)] for the dishwasher and a shipping charge of $111.54 for the refrigerator.
Therefore, the total sales price of the dishwasher is $538.46 and the total sales price of the refrigerator
is $1,561.54. The dishwasher would qualify for the exemption and the refrigerator would not because
it exceeds $1500.
When a qualifying energy-efficient product does not become a part of realty and remains tangible personal
property when installed, any separately itemized charge for the installation of the product is a part of the sales
price of the product and is exempt when the total sales price of the product is $1,500 or less.)))Ok. Got it? Everybody shop. :crazy: definitely too early in the morning for this.
Oh, and by the way, if anyone feels this information was so helpful they are compelled to reward me for it, I really, really need a new clothes washer. (hint, hint) ;)