NASHVILLE, Tenn. — Tennessee’s 8th annual Sales Tax Holiday, which is set to begin on August 2, will “stimulate sales while providing consumers some much needed sales tax relief,” said Senator Mae Beavers (R-Mt. Juliet). The holiday will begin at 12:01 a.m. on Friday and end at 11:59 pm on Sunday, August 4.
“Many Tennessee families and businesses are struggling,” said Senator Beavers, who was a key supporter of the Sales Tax Holiday in 2005. “The Sales Tax Holiday stimulates sales, while providing citizens sales tax relief on clothing, as well as the supplies needed for students returning to school. I am very pleased that it has worked very well over the past eight years and it needs to be continued.”
Senator Beavers also supported a $43 million tax cut package in the state’s 2013-2014 budget which became effective on July 1. Those tax cuts include reducing the state sales tax on food from 5.25% to 5.0%, allowing more senior citizens to qualify for Hall income tax relief and the second installment phasing out Tennessee’s inheritance (death) tax. The package also provides tax relief for low income seniors, veterans and the disabled by fully funding the growth of the property tax freeze program enacted in 2007.
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.
For more information, please contact the Tennessee Department of Revenue online at http://tn.gov/revenue/salestaxholiday/. Citizens or merchants who have inquiries can also call 1 (800) 342-1003 8 a.m. – 5 p.m., CST on Monday through Friday.