The State Sales Tax Holiday is coming...
...if you're lucky enough to live in Tennessee. Yep, April 27th to Aprii 29th is State Sales Tax day for the fortunate folks of Tennessee, introduced as a way to help families save money on essential supplies for back-to-school shopping.
You can find out all of the details at www.tntaxholiday.com , a website dedicated to the special tax-free holiday.
But if you live in Tennessee (or happen to be passing through) don't rush out and buy a 60" LCD TV hoping to save yourself a few-hundred bucks in taxes. As the back-to-school title suggests, this only really covers supplies that will help out the kids.
BUT, if you've been planning to pick up a new PC for the family, now may be a great time to open your wallet and run down to Circuit City or Best Buy. With a $1500 ceiling on the price of a new PC, you can pick up a very nice machine and pocket the state taxes for much-needed software.
What is covered?
- Clothing with a price of $100 or less per item
- School supplies with a price of $100 or less per item
- Computers with a price of $1,500 or less per item
As long as you stay within these guidelines, you can save yourself a tidy sum over the tax holiday weekend. No exemption certificate is required, so go nuts. But please, not too nuts. We don't need any more people running up nasty credit card bills (see my report on that here) .
There are 13 other states, plus the District Of Columbia, that have enacted sales tax holidays. Among them are Iowa and Texas, and this year they hold their sales tax holiday at the beginning of August. Your local state website should have information for you on whether on not you're one of the lucky states that have this holiday, and when it actually takes place. Keep your fingers crossed.