Monday, August 03, 2009

State-by-State Guide to Tax Holidays - A Guest Post From Kiplinger's

"Sixteen states and the District of Columbia will let you skip sales taxes on school supplies, computers, clothes and other merchandise on specific dates in August. Perhaps you’ll have to cross state lines to save an extra 5% to 10% -- but the journey is worth it.

Kiplinger.com and Kiplinger’s Personal Finance magazine have put together a list of sales tax holidays, which begin in August. Here is the state-by-state guide, which includes tax holidays during other parts of the year.

Alabama
* When: August 7-9
* How much: 4%
* On what: Clothing less than $100, computers less than $750, school supplies less than $50 and books less than $30

Connecticut
* When: August 16-22
* How much: 6%
* On what: Clothing and footwear less than $300

District of Columbia
* When: August 1-9 and November 27 through December 6
* How much: 5.75%
* On what: Clothing, footwear and accessories less than $100

Georgia
* When: July 30 through August 2
* How much: 4%
* On what: Clothing and footwear less than $100, personal computers and accessories less than $1,500 and school supplies $20 or less

* Georgia shoppers also will save October 1-4 on energy- and water-efficient products.

Iowa
* When: August 7-8
* How much: 6%
* On what: Clothing less than $100.

Louisiana
* When: August 8-9
* How much: 4%
* On what: The first $2,500 of any purchase

Mississippi
* When: July 31 through August 1
* How much: 7%
* On what: Clothing and footwear less than $100

Missouri
* When: August 7-9
* How much: 4.225%
* On what: Clothing $100 or less, school supplies less than $50, computers less than $3,500 and software less than $350

New Mexico
* When: August 7-9
* How much: 5% to 8.5625%
* On what: Clothing less than $100, computers less than $1,000, other computer equipment less than $500 and school supplies under $15

North Carolina
* When: August 7-9
* How much: 7%
* On what: Clothing less than $100, school supplies less than $100, instructional materials less than $300, computers less than $3,500, computer supplies less than $250 and sports equipment less than $50

North Carolina shoppers also will save November 6-8 on Energy Star products.

Oklahoma
* When: August 7-9
* How much: 4.5%
* On what: Clothing and shoes less than $100

South Carolina
* When: August 7-9
* How much: 6%
* On what: All linens, school supplies and clothing, accessories and footwear

Tennessee
* When: August 7-9
* How much: 8.5% to 9.75%
* On what: Clothing less than $100, school supplies less than $100 and computers less than $1,500

Texas
* When: August 21-23
* How much: 6.25% to 8.25%
* On what: School supplies and clothing and footwear less than $100

Vermont
* When: August 22
* How much: 6%
* On what: All purchases less than $2,000

Virginia
* When: August 7-9
* How much: 5%
* On what: School supplies less than $20 and clothing and footwear less than $100

And October 9-12, Virginia shoppers will save the state sales tax on Energy Star and WaterSense products less than $2,500.

West Virginia
* When: September 1 through November 30
* How much: 6%
* On what: Energy Star products less than $5,000 "

--Source: Kiplinger.com

2 comments:

Anonymous said...

DC repealed their sales tax holiday for August: http://otr.cfo.dc.gov/otr/cwp/view,A,1329,Q,633881,otrNav_gid,1679,otrNav,|33288|.asp

Arlice Nichole said...

This is a good idea. Wished my state was doing this.