Many States Offer Back-to-School Sales Tax Holidays in 2013

South Carolina: From August 2 to 4, the following are exempt:
  • Clothing (but not rentals), clothing accessories, footwear, school supplies, computers, printers, printer supplies, and computer software.
  • Bath wash clothes, bed linens, pillows, bath towels, shower curtains, and bath rugs. 
  • Tennessee: From August 2 to 4:
  • Clothing (but not accessories), school supplies, and school art supplies with a sales price of $100 or less per item.
  • Computers with a sales price of $1,500 or less per item.
Texas: From August 9 to 11:
  • Clothing, footwear, and school backpacks with a sales price of less than $100 per item are exempt.
The exemption does not include accessories, athletic or protective clothing, or rentals.
 
Virginia: From August 2 to 4, the following are exempt:
  • Clothing and footwear with a sales price of $100 or less per item.
  • School supplies with a sales price of $20 or less per item.
Tax Holidays for Energy Efficiency and Hurricane Preparation Items
In addition to holidays timed for back-to-school buying, a number of states have enacted tax holidays offered at various times throughout the year to promote other kinds of purchases. Energy efficiency is the most common theme. The following three states offer upcoming tax holidays for energy- and water-efficiency purchases.
 
Georgia: From October 4 to 6, energy- and water-efficient products purchased for noncommercial use with a sales price of $1,500 or less per product are exempt.
 
North Carolina: From November 1 to 3, qualified Energy Star products sold for nonbusiness use, including clothes washers, freezers, and refrigerators; central and room air conditioners; air-source heat pumps; ceiling fans; dehumidifiers; and programmable thermostats, are exempt.
 
Virginia: From October 11 to 14, noncommercial purchases of Energy Star- and WaterSense-qualified products with a sales price of $2,500 or less per item are exempt.
 
Maryland, Missouri, and Texas held energy-efficiency tax holidays in February, April, and May, respectively. Alabama held its sales tax holiday for hurricane preparedness items in February. Louisiana and Virginia held similar sales tax holidays in May.
 
Firearms Sales Tax Holidays
Louisiana remains the only state that offers a sales tax holiday for noncommercial purchases of firearms, ammunition, and hunting supplies. From September 6 to 8, such purchases (but not the purchase of animals for the use of hunting) are exempt.
 
Related articles:
 

You may like these other stories...

IRS audits less than 1 percent of big partnershipsAccording to an April 17 report from the Government Accountability Office (GAO), the IRS audits fewer than 1 percent of large business partnerships, Stephen Ohlemacher of the...
Legislation coming out of Washington just might reduce homeowners' burden for disaster insurance. It's a topic very much on everyone's minds since the mudslide in Oso, Washington. The loss of human life was...
Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce. In certain circumstances, however, you might be able to salvage...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.