Sales Tax Holiday slated for Friday through Sunday

The Tennessee Department of Revenue reminds shoppers that the 2009 Sales Tax Holiday is scheduled for this Friday through Sunday. This annual weekend of savings provides three full days of tax breaks on clothing, school and art supplies and computer purchases. Although the holiday provides savings for back-to-school purchases, anyone can take advantage of the savings this weekend.
The holiday begins Friday at 12:01 a.m. and ends Sunday at 11:59 p.m. During the designated three-day 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. Visit www.tntaxholiday.com for more information on the holiday.
“All Tennesseans can use this weekend as an opportunity to save money on back-to-school items and other needed purchases,” said Revenue Commissioner Reagan Farr. “Shoppers have the chance to save nearly 10 percent on all purchases, something that many families need right now.”
Examples of exempt items include:
• Clothing: Shirts, dresses, pants, coats, gloves and mittens, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms whether athletic or non-athletic and scarves
• School Supplies: Binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, rulers and scissors
• Art Supplies: Clay and glazes; acrylic, tempera and oil paints; paintbrushes for artwork; sketch and drawing pads; and watercolors
• Computers: Central processing unit (CPU), along with various other components including monitor, keyboard, mouse, cables to connect components and preloaded software (Note: While the CPU may be purchased separately, other items must be part of a bundled computer package in order to be eligible.)
The Department of Revenue collects about 92 percent of total state tax revenue. During the 2008-09 fiscal year, the department collected $10.2 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2008-09 fiscal year.
Published in The Messenger 8.6.09

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