Nashville shoppers take advantage of tax-free weekend

Most states, for example, do not tax back-to-school clothing so long as it’s less than $100 in value, but SC has no such spending limit and the state of Louisiana’s August 5-6 tax holiday applies to “most goods priced at $2,500 or less”.

Like last year’s Sales Tax Holiday, which ended up generating $4.7 million in sales tax revenues statewide and saved taxpayers $3.3 million on $46.75 million worth of back-to-school purchases, the savings are available to everyone shopping at OH stores, not just families with schoolchildren. They also are urging motorists to be on the lookout for incident management or emergency, maintenance-related lane closures could become necessary at any time on any route. Arkansas will exempt sales tax on “certain school supplies, school art supplies, school instructional materials and clothing”, according to the Arkansas Department of Finance and Administration.

Items sold for business or trade are still taxable. “States see little net economic activity as a result of sales tax holidays; the holidays instead represent a costly-to-administer revenue loss for the government”.

Retailers and consumers alike stand to benefit from the holidays, which encourage spending by providing temporary relief from sales tax. “This tax-free weekend is integrally important in ensuring all students and families have the tools and resources they need to be able to thrive and prosper here in Virginia”.

In Montgomery County alone, shoppers will avoid paying the 9.5 percent combined state and local sales tax rate on clothing, school supplies and computers.

The Alabama Retail Association (ARA) predicts Alabamians will spend nearly $1.14 billion on back-to-school shopping.

The upcoming sales tax holiday on clothes and footwear also provides a much-needed lift to many small stores and businesses, said Ron Aldridge, state director of the National Federation of Independent Business.

There is a list of specific items that qualify and several rules governing the sales tax holiday.