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Sales tax holiday this weekend

Posted on Monday, July 30, 2012 at 5:40 pm

The seventh annual Tennessee “Sales Tax Holiday” is set to begin on Friday, Aug. 3, at 12:01 a.m. and will end Sunday, Aug. 3, at 11:59 p.m.

State Senator Jim Tracy, who was a co-prime sponsor of the bill passed in 2005, said he anticipates another successful year for shoppers, especially parents who are getting students ready to go back to school.

“This sales tax holiday has provided citizens with some sales tax relief, while helping businesses improve sales during a critical time in our economy,” said Tracy.
     “I am very pleased this initiative is now in its seventh year. I hope all the citizens will take advantage of this opportunity for savings and shop at area businesses to help our local economy as well.”

During the holiday, clothing with a purchase price of $100 or less per item is exempt from sales tax. School supplies exempted include items of $100 or less like binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, ruler and scissors.  Additionally, there is no requirement that purchases be made only for students. If an item is tax exempt, anyone may make the purchase tax-free.

Computers with a purchase price of $1,500 or less, not for use in a trade or business, are also exempt from tax. Laptop computers, if priced at $1,500 or less, qualify, as well as tablet computers.

For more information, please contact the Tennessee Department of Revenue online at www.tntaxholiday.com or at www.TN.gov/revenue. Citizens or merchants who have inquiries can also email salestax.holiday@tn.gov, or telephone 1-800-342-1003 from 7 a.m. until 5 p.m., Monday through Friday.