Friday, July 12, 2013
(Last modified: 2013-07-12 16:48:22)
Source: The Herald-News
The State of Tennessee’s Annual Sales Tax Holiday is held every year on the first Friday in August and ends the following Sunday night. This year’s tax-free holiday weekend begins at 12:01 a.m. on Friday, August 2, and ends Sunday, August 4, at 11:59 p.m.
During these holidays, computers with a purchase price of $1,500 or less, not for use in a trade or business, are exempt from tax. Laptop computers, if priced at $1,500 or less, also qualify as well as tablet computers. Additionally, there is no requirement that purchases be made only for students. If an item is tax exempt, anyone may make the purchase tax–free.
Clothing with a purchase price of $100 or less per item is exempt from sales tax. Clothing items costing more than $100 or any clothing purchased for use by a trade or business is not exempt from tax. Items that are normally sold together, such as shoes, may not be split to achieve the $100 threshold. Additionally, there is no requirement that purchases be made only for students. If an item is tax exempt, anyone may make the purchase tax–free.
School supplies with a purchase price of $100 or less per item is also exempt from sales tax.
Examples of tax-free school supply items during the holiday include binders, book bags/backpacks, calculators, chalk, crayons, erasers, folders, glue, lunch boxes, notebooks, paper, pens, pencils, rulers, scissors and tape and school art supplies such as clay and glazes, paints, paintbrushes, sketch and drawing pads and watercolors.
For more information, please contact the Tennessee Department of Revenue online at www.tntaxholiday.com or at www.TN.gov/revenue, by e-mail: firstname.lastname@example.org or by telephone at 800-342-1003 between 7 a.m. and 5 p.m., CST, Monday through Friday.
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