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Mon, Nov 24, 2014

Back to school shoppers use tax-free weekend to save

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NASHVILLE - Tennessee parents of school-age children will get a little help balancing their budgets this weekend, as the 2010 Sales Tax Holiday lets consumers save state and local sales tax costs on select clothing, school and art supplies and computers.

According to Sara Jo Houghland, communications director for the Tennessee Department of Revenue, it is "a great tax break" for anyone with a shopping list, as well as a sales boost for merchants.

"The first holiday, which was in 2006, consumers saved $15 million that year. Each holiday since then has been between eight and ten million dollars. So, it's really been a success; it's been very popular."

While the target audience is the back-to-school shopper, Houghland says everyone can save this weekend.

"It saves almost ten percent on selected 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 priced at $1,500 or less."

While the new popular Apple iPad is eligible for tax exemption, video games and consoles are not. The holiday begins Friday at 12:01 a.m. and ends Sunday, August 8 at 11:59 p.m. Visit www.tntaxholiday.com for detailed information about the weekend event and rules.
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Economy, Schools, Tax Free
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