Tennessee’s next Sales Tax Holiday is scheduled for the first weekend of August during which time Tennessee shoppers can purchase certain items tax-free.
The seventh annual Sales Tax Holiday is set to begin Friday, Aug. 3, and run through Sunday, Aug. 5. During that weekend Tennessee shoppers can save nearly 10 percent on tax-free clothing, school and art supplies, and computer purchases. The tax-free weekend begins that Friday at 12:01 a.m. and ends Sunday at 11:59 p.m.
During the designated three-day weekend, consumers will not pay state or local sales tax on 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.
“As in years past, last year’s tax-free weekend was very successful, providing Tennessee taxpayers nearly $9.6 million in tax savings” said Revenue Commissioner Richard H. Roberts. “We are hopeful that all Tennessee shoppers will take advantage of the tax relief provided by the 2012 Sales Tax Holiday.”
To learn more, visit the Sales Tax Holiday web site at www.tntaxholiday.com to learn more about the items exempt from sales tax.
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.) iPads and other tablet computers are eligible for tax exemption, while smart phones and video game consoles are not.