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.