Annual Sales Tax Holiday This Weekend
Back to school shopping got you down? You can save a little money if you hit the stores the first weekend of August when certain items will be tax free in Tennessee.
Tennessee’s annual sales tax holiday is set for August 1-3. There will be no sales tax charged on clothing, school and art supplies that cost less than $100 per item and computers that cost $1,500 or less.
“This holiday offers Tennesseans great savings on important back-to-school items, and I encourage everyone to take advantage of this opportunity,” Gov. Bill Haslam said.
The savings will start just after midnight on Friday and end just before midnight on Sunday.
Examples of items that can be bought tax-free during the holiday include:
Clothing: shirts, dresses, pants, coats, gloves and mittens, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms 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.) i Pads and other tablet computers are eligible for tax exemption, but smart phones and video game consoles are not.
For more information, please visit www.tntaxholiday.com.