Senator Yager reminds citizens about upcoming Sales Tax Holiday

Legislature passes other tax relief measures that became effective July 1

NASHVILLE, Tenn. — State Senator Ken Yager (R-Harriman) today reminded citizens that Tennessee’s sales tax free holiday is set for August 2-4.  Yager said the eighth annual holiday provides parents an opportunity to get needed back-to-school supplies and clothing, but the savings are available to citizens of all ages. 

“This sales tax holiday is very beneficial to parents by helping with a lot of the back-to-school expenses incurred at this time of year,” said Senator Yager.  “The sales tax relief savings, however are not just for students.  The holiday applies to consumers of any age with tax exempt clothing purchases and other items like home computers.  I hope many citizens will take advantage of this weekend opportunity for sales tax relief savings.”

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.

Senator Yager also said citizens will benefit from 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.  

“I am very pleased that we were able to realize tax savings for Tennesseans this year in our budget,” added Yager.  “Tax relief legislation will continue to be a priority in the next General Assembly.”

For more information about the Sales Tax Holiday, 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.

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