Tennessee’s annual tax free holiday is this weekend, August 5-8. The exciting event begins at 12:01 a.m on Friday, Aug. 5 and ends Sunday, Aug. 7 at 11:59 p.m. Throughout the three-day weekend, shoppers will not have to 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. According to the Tennessean, these are the items eligible for tax-free savings:
Clothing $100 or less per item: Belts, caps, coats, dresses, gloves, hats, hosiery, jackets, jeans, neckties, pants, scarves, uniforms, shirts, shoes, socks, sneakers, and underwear.
School supplies less than $100 per item: Binders, books, bags/backpacks, calculators, chalk, crayons, erasers, folders, glue, lunchboxes, notebooks, paper, pens, pencils, rulers, scissors, and tape.
School art supplies: Clay and glazes, paints, paintbrushes, sketch and drawing pads, and watercolors.
Computers with a purchase price of $1,500 or less: A computer is a central processing unit that includes a monitor, keyboard, mouse, speakers, cables to connect components and preloaded software. Computers for use in a trade or business are not exempt from sales tax.
This weekend is intended to help the thousands of families in Tennessee that can use the extra savings on necessary items, especially school supplies for their children. Some retailers are taking advantage of the weekend by adding special sales and purchasing incentives for products not included in the list of tax-exempt items. Gallatin Belk store manager Tina Crouch said the “tax-free holiday brings a welcomed revenue boost in the hottest months of the season.” Hendersonville Chamber of Commerce President Brenda Payne, told the Tennessean that the tax free holiday benefits the city in two ways – both in boosting the retail sector and in helping residents who are struggling financially. “It’s a tremendous built-in savings to so many families out there whose budgets get so strained this time of year trying to get their kids back in school,” Payne said. Payne then expressed her hopes that families that are financially stable will consider using the weekend as an opportunity to give back through a local school supply drive called Stuff the Bus. Items purchased by mail, phone or online qualify as long as the order is placed and paid for during the tax-free period. To clear up any confusion, a complete list of included and excluded items can be found at tntaxholiday.com (picture 1).