YOUR FAMILY MIGHT WANT TO WAIT A FEW WEEKS TO START PICKING UP BACK TO SCHOOL SUPPLIES. 

MANY STORES ARE ALREADY STOCKED FULL OF FOLDERS, NOTEBOOKS, PENS AND PENCILS. BUT THE STATE’S BACK TO SCHOOL TAX HOLIDAY DOESN’T BEGIN UNTIL AUGUST FIFTH. THAT’S WHEN THE STATE SALES TAX FOR ELIGIBLE ITEMS DROPS FROM SIX POINT 25 PERCENT TO ONE AND A QUARTER PERCENT SAYS ILLINOIS DEPARTMENT OF REVENUE SPOKESPERSON MAURA KOWNACKI.

THE BREAK ALSO APPLIES TO SCHOOL SUPPLIES, WHICH ARE NOT SUBJECT TO THE COST LIMIT. THE BACK-TO-SCHOOL TAX HOLIDAY RUNS 10 DAYS…FROM AUGUST FIFTH THROUGH THE 14TH.

DURING THE HOLIDAY, THE STATE’S PORTION OF SALES TAX IMPOSED ON SCHOOL ITEMS DROPS FROM SIX AND A QUARTER PERCENT TO ONE AND A QUARTER PERCENT.