It is that time of the year again… hurricane season! If you have lived in Florida for any number of years, then you know the importance of hurricane preparedness. For those of you that may be new to The Sunshine State, the Atlantic hurricane season runs from June 1st through November 30th. With this said, it is never too early to prepare for a storm. Fortunately, you can take advantage of the current 2022 Disaster Preparedness Sales Tax Holiday, which runs from May 28th through June 10th. During this time, you will be able to purchase eligible hurricane preparedness items tax free.
Eligible tax-free items
- Selling for $20 or less: reusable ice packs
- Selling for $40 or less: any self-powered light sources (i.e. lanterns, flashlights, & candles, etc…)
- Selling for $50 or less: any gas or diesel fuel containers, batteries, or portable radios
- Selling for $60 or less: coolers, ice chests, and portable battery banks
- Selling for $70 or less: fire extinguishers, carbon monoxide detectors, smoke detectors or alarms
- Selling for $100 or less: bungee cords, group anchor systems, ratchet straps, tarps, & tie-down kits
- Selling for $1,000 or less: portable generators
A new feature for 2022 also includes pet evacuation supplies. Items such as pet food, leashes, collars, pet beds, pet carriers, and other items may also qualify for the tax-free savings!
Summary
Forecasters are predicting another active hurricane season. (We will likely discuss this in more depth in a future article.) With this said, it is never to early to prepare your plan should we be impacted by a storm. Currently, there is a 6% sales tax for the state of Florida. In Southeast Florida, Palm Beach, Broward, & Dade counties also have an additional 1% county sales tax. Therefore, you can expect a savings of 7% on hurricane preparedness items between May 28th and June 10th, 2022. With the latest national inflation rate being reported as 8.3%, the 7% sales tax savings can help offset the recent price pains at the register.
At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!
