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Tax-free weekend fast approaching

Posted on Tuesday, July 30, 2013 at 9:00 am

The Department of Revenue is reminding Tennesseans that the state’s annual Sales Tax Holiday is scheduled for Friday, Aug. 2, through Sunday, Aug. 4.

During these three days, Tennessee shoppers can save nearly 10 percent on tax-free clothing, school and art supplies and computer purchases.

“I want to encourage Tennessee families to take advantage of the Sales Tax Holiday because it was created with them in mind,” Gov. Bill Haslam said. “The weekend provides savings for families, especially as students are starting the new school year, and the holiday can provide relief on clothing, school and art supplies and computer purchases.”

The holiday begins Friday, Aug. 2, at 12:01 a.m. and ends Sunday, Aug. 4, 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 over $10 million in tax savings,” said Revenue Commissioner Richard H. Roberts. “We are hopeful that Tennessee shoppers will again take advantage of the tax relief provided by the 2013 Sales Tax Holiday.”

State Sen. Jim Tracy, who co-sponsored the 2005 law, 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 Senator Tracy. “I am very pleased this initiative is now in its eighth year. I hope everyone will take advantage of this opportunity for savings and shop at area businesses to help our local economy as well.”

Visit the Sales Tax Holiday Website at <www.tntaxholiday.com> to learn more about the items exempt from sales tax. The Tennessee Department of Revenue also assists consumers via e-mail at <Salestax.Holiday@TN.gov>, and through its toll-free statewide telephone hotline 1-800-342-1003. Staff is available to answer questions Monday through Friday, 7 a.m. until 5 p.m. Central Time. Out-of-state and Nashville-area callers should dial (615) 253-0600.

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, ruler, 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 tablet computers.

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