|Take Advantage of Sales Tax Holiday Set for Aug. 7-9|
|Tuesday, July 21, 2009|
Everyone is always looking for a way to save a little bit of money, and with the economy at the worst down turn since the Great Depression, and the unemployment rate at the highest in 40 years, it is easily understood. The fourth annual Sales Tax three-day holiday, is scheduled for Friday, August 7th through Sunday, August 9th, offering Tennesseans tax breaks on clothing, school and art supplies and computer purchases.
The Department of Revenue reminds Tennessee shoppers that the “holiday” provides three full days of shopping, and consumers will not pay state or local tax on select clothing with a price of $100 or less per item, school and art supplies with a price of $100 or less per item, and computers with a price of $1,500 or less, a savings of nearly 10 percent on exempt items.
Reagan Farr, Tennessee Revenue Commissioner, reports that during tough economic times, this tax-saving initiative provides savings for Tennessee shoppers and a much needed boost for Tennessee retailers. “We are hopeful that all Tennessee shoppers will enjoy the immediate relief of the 2009 Sales Tax Holiday,” he said.
Examples of exempt items include:
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.)
The tax holiday, which will begin on Friday, August 7th at 12:01 a.m. and end Sunday, August 9th at 11:59 p.m., is a great opportunity to save some money while you do your back-to-school shopping.