To top off the holiday, school supplies such as binders, calculators, pens and paper purchased for a noncommercial use with a sales price of $20 or less are tax-free Friday and Saturday. Families can save on school supplies, clothes and technology for the upcoming year.
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Gov. Nathan Deal reinstated Georgia’s the tax holiday in 2012.
What: Seventeen states will soon offer sales tax holidays where state sales tax charges are temporarily dropped on back-to-school items and other qualifying products – according to each state’s tax holiday rules.
The tax-exempt items include clothing worth less than $100 per item, computers and computer software priced $1,000 or less. It’s a time where you forgo paying 7 percent for clothing and shoes on items less than $100 per item. The department said shoppers save approximately $3 million over the course of the weekend.
“Back to school shopping can put a huge strain on the pocket books of Ohio families”, Schaffer said. The trend peaked with 19 states in 2010, but some states, including North Carolina, have abandoned tax holidays in favor of lowering their overall tax rate. This tax holiday does apply to adult selections of clothing, outwear and footwear so this weekend may be the flawless time to update your wardrobe without giving a cut to Uncle Sam. Hell, even wedding apparel will avoid taxes over the weekend for those getting hitched this fall.
Washington, D.C., once repealed its sales tax holiday.
Question: Can retailers elect not to participate in the sales tax holiday and collect the sales tax from their customers on eligible items during the three days of the sales tax holiday?
But overall consumers and merchants appreciate sales tax holidays, she said.
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Sen. Michael Rodrigues (D-Westport), co-chair of the Legislature’s Committee on Revenue, said the bill was more about proactively responding to the current state of “tax avoidance” and ensuring the state is prepared to implement changes. “No states in the Midwest have adopted them”, said Ohio Council of Retail Merchants Director of Governmental Affairs and Public Relations Lora Miller.
