Senator Jim Tracy (R-Shelbyville), who co-sponsored Tennessee’s sales tax holiday, today encouraged local residents to take advantage of the annual tax savings offered on a variety of products this weekend. This year’s sales tax holiday was moved up as a result of a new law enacted this year from the first weekend in August to the last weekend in July due to the early start date of many schools in Tennessee.
The 11th annual sales tax holiday assists parents with the costs of back-to-school supplies, as well as providing relief to all taxpayers for variety of other items like clothing under $100 and home computers less than $1,500.
“We have been very pleased with the success of the tax holiday weekend,” said Senator Tracy. “Not only has it provided tax relief for parents getting their kids ready to go back to school, but it has stimulated sales for retailers which is good for our economy. One of the biggest misconceptions is that the sales tax holiday just applies to items used by school children. Anyone can take advantage of the sales tax relief offered this weekend on such items as clothing and home computers or tablets.”
The holiday will begin at 12:01 a.m. on Friday, July 29 and ends at 11:50 on Sunday, July 31. 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 or tablet computers with a price of $1,500 or less. Clothing includes shirts, dresses, pants, coats, gloves, hats, hosiery, neckties, belts, shoes, uniforms, underwear, socks and scarves. School supplies include items used by a student in a course of study.
For a full list of exempted items or more information, please contact the Tennessee Department of Revenue online at https://www.freetaxweekend.com/tennessee-tax-free-weekend/.
“I would also like to encourage everyone to shop at our local stores,” added Tracy. “It really helps our local merchants and keeps those dollars right here in Tennessee.”