Tennessee’s eighth annual Sales Tax Holiday, which is set to begin Aug.2, will “stimulate sales while providing consumers some much needed sales tax relief,” according to state Sen. Mae Beavers.
The holiday will begin Aug. 2 at 12:01 a.m., and end Aug. 4 at 11:59 p.m.
“Many Tennessee families and businesses are struggling,” said Beavers, who was a key supporter of the Sales Tax Holiday in 2005. “The Sales Tax Holiday stimulates sales, while providing citizens sales tax relief on clothing, as well as the supplies needed for students returning to school. I am very pleased that it has worked very well over the past eight years, and it needs to be continued.”
Beavers, R-Mt. Juliet, also supported a $43 million tax cut package in the state’s budget, which went into effect July 1. Those tax cuts include reducing the state sales tax on food from 5.25 percent to 5 percent, allowing more senior citizens to qualify for Hall income tax relief and the second installment phasing out Tennessee’s inheritance or death tax. The package also provides tax relief for low-income seniors, veterans and the disabled by fully funding the growth of the property tax freeze program enacted in 2007.
During the designated three-day Sales Tax Holiday weekend, consumers will not pay state or local sales 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.
Clothing includes shirts, dresses, pants, coats, gloves, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms and scarves. School supplies include items used by a student in a course of study. It also includes binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, rulers and scissors.
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 tablets.
For more information, visit tn.gov/revenue/salestaxholiday/. Citizens or merchants who have inquiries may also call 800-342-1003 Monday through Friday from 8 a.m. until 5 p.m.