Monday, July 18, 2011
Sales Tax Holiday August 5-7
With the 2011-2012 school year set to begin August 11, parents are reminded they may plan to make back-to-school purchases during the Tennessee Sales Tax Holiday in order to save approximately 10% of costs.
The State of Tennessee's Sales Tax Holiday is held annually the first Friday in August through the following Sunday night. This year's tax-free holiday weekend begins at 12:01 a.m. on Friday, August 5, ending at 11:59 p.m. on Sunday, August 7.
State officials report the annual event results in savings of approximately $8 million for families throughout the state.
Conveniently, the Alabama Sales Tax Holiday will be held during the same time period.
For additional information visit the website: http://tn.gov/revenue/salestaxholiday.
Sample list of exempt items:
*Clothing: Shirts, dresses, pants, coats, gloves and mittens, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms whether athletic or non-athletic and scarves
*School Supplies: Binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, rulers and scissors
*Art Supplies: Clay and glazes; acrylic, tempera and oil paints; paintbrushes for artwork; sketch and drawing pads; and watercolors
*Computers: Central processing unit (CPU), along with various other components including monitor, keyboard, mouse, cables to connect components and preloaded software (Note: While the CPU may be purchased separately, other items must be part of a bundled computer package in order to be eligible.) iPad’s are eligible for tax exemption, however video games and consoles are not.
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