Monday, July 16, 2007

Sales Tax Holidays on select August days in 14 States

Raising4boys.com had a list of the 14 states scheduled to host sales tax holidays in August. Unofficially, it's the state government's way of giving a tax cut by encouraging spending as students are returning back to school. If your state is on the list, be sure to check with your state's department of revenue on the internet to confirm they haven't changed their minds, as some cities do NOT honor the holiday. Also the exemption is for state tax only. You are still responsible for paying the County, Local, Municipal, and County taxes on an item. Reminder that each individual item cannot exceed the specified maximum for each category.

Alabama, 8/3-8/5
Clothing $100
Computers $750
School Supplies $50
Books $30 (Now this is funny, you can possibly get Harry Potter and the Deathly Hallows tax free, but not your $100 college textbook)

Connecticut, 8/19-8/25
Clothing $300 (J. Crew must be loving this one)

District of Columbia, 8/4-8/12
Clothing $100
School Supplies $100

Florida, 8/4-8/13
Clothing $50
School Supplies $10

Georgia, 8/2-8/5
Clothing $100
School Supplies $20
Computers $1500 (for individual purchase only, not for businesses)

Iowa, 8/3-8/4
Clothing $100

Louisiana, 8/3
Most items under $2500

Missouri, 8/3-8/5
Clothing $100
Computers $3500 (Not a misprint, this state is the 2nd best for this category)
School Supplies $50

New Mexico, 8/3-8/5
Clothing $100
Computers $1000
School Supplies $15

North Carolina, 8/3-8/5
Clothing $100
School Supplies $100
Computers $3500 (If anyone thinks, I will put this state in a tie for 2nd, think again, not investing in any state that sponsors Bank of America)
Other computer items $250
Sports Equipment $50

Oklahoma, 8/3-8/5
Clothing $100

South Carolina, 8/3-8/5 (Best of Nation)
No dollar limits
Clothing
School Supplies
Computers
Linens

Tennessee, 8/3-8/5
Clothing $100
School Supplies $100
Computers $1500

Texas, 8/17-8/19
Clothing and backpacks $100

Virginia, 8/3-8/5
Clothing $100
School Supplies $20

No comments: