By Jenny Bowman
Yes it’s true! Sales Tax Holiday is earlier this year than it has been in the previous years.
In efforts to get school supplies purchased BEFORE kids go back to school. This year’s Sales tax holiday begins at 12:01 a.m. on Friday July 29 and ends Sunday, July 31 at 11:59 p.m.
What items qualify for the sales tax holiday?
During the holiday, the following items are exempt from sales and use tax:
- Clothing with a price of $100 or less per item
- School and school art supplies with a price of $100 or less per item
- Computers with a price of $1,500 or less per item. Computers are defined as (CPU) Central Processing Unit along with components such as monitor, keyboard, mouse and any cables to connect the components, and preloaded software.
For a complete list visit this link on the TN Department of Revenue.
If I order something via mail, telephone, e-mail, or Internet during the sales tax holiday, will it be exempt?
Qualified items sold to purchasers by mail, telephone, e-mail, or Internet will qualify for the sales tax exemption if the customer orders and pays for the item and the retailer accepts the order during the holiday period for immediate shipment, even if delivery is made after the exemption period.
What merchants are participating?
Merchants selling items such as clothing, school & school art supplies, and computers MUST participate in the sales tax holiday. If you are a merchant selling to other business (purchases for a business do not qualify for the holiday) you are not required to participate.
How do I report the sales on my tax return?
