Ok, I’m making a dent in my blog reading. Earlier this week No Credit Needed posted the schedule for State Sales Tax Holidays, a good reminder for those that need to do shopping in the near future, especially for the kiddos.
What are sales tax holidays? They are certain time periods, different for each state, where certain items are exempt from sales tax, either by category or under a certain dollar amount. Targeted at families doing back-to-school shopping, these items are usually things like clothes, school supplies, and electronics.
NCN has already provided the dates, but you’ll need to go to each state’s website, usually the Dept. of Revenue, to see exactly what is covered (dates are there too). They states that do tax holidays are listed below:
Connecticut
Florida
Georgia
Iowa
Massachusetts
Missouri
New Mexico
North Carolina
South Carolina
Texas
Washington, D.C.
New Jersey, Pennsylvania, and Rhode Island also offer a limited sales tax exemption on clothing all year round.
Now, usually anyone can take advantage of these holidays, so if you have been planning a certain purchase anyways, it might be a good time. However, I think it would be an interesting exercise to take some data and see if merchants actually raise their prices a bit or ease off the sales when they know people will be looking to buy.
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