(NASHVILLE, TN), July 23, 2012 — The seventh annual Tennessee “Sales Tax Holiday” is set to begin on Friday, August 3 at 12:01 a.m. and will end Sunday, August 5 at 11:59 p.m. Rutherford County State Senators Tracy and Ketron said they anticipate another successful year for shoppers, especially parents who are getting students ready to go back to school.
“The sales tax holiday has been very successful, especially in helping parents meet back-to-school needs,” said Senator Ketron. “We hope all the citizens will take advantage of this opportunity for savings and shop at area businesses to help our local economy as well,” added Senator Tracy.
Both Tracy and Ketron were key supporters of the tax relief measure passed in 2005.
During the holiday, clothing with a purchase price of $100 or less per item is exempt from sales tax. School supplies exempted include items of $100 or less like binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, ruler, and scissors. 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.
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 www.tntaxholiday.com or at www.TN.gov/revenue. Citizens or merchants who have inquiries can also email [email protected], or telephone 1 (800) 342-1003 7 a.m. – 5 p.m., CST, Monday through Friday.