Thursday, June 23, 2005

Good news for Tennesseans

I just got my copy of "Revenue Review" from the TN Dept. of Revenue (one of the "perks" of owning a business in TN--by the way, every time that envelope arrives in the mail that says TN Dept. of Revenue on it, I start to panic), and it says that starting in August of 2006 "Tennessee will have an annual sales tax holiday that starts each year at 12:01 a.m. on the first Friday in August and ends at 11:59 p.m. on the following Sunday. During the holiday, the following items are exempt from sales tax: 1) clothing with a price of $100 or less per item; 2) school supplies with a price of $100 or less per item; and 3) computers with a price of $1500 or less per item." Clothing accessories, computer software, art supplies, sports equipment, and protective equipment (Does this mean jock straps?) are not included.

Make note of this and don't go to Wal-Mart on those days.


jettybetty said...

We have had this in Texas for several years--and yes, I make sure I DON'T shop those days--I cannot imagine Walmart--it's too much of a zoo most days for me--I can't image the tax holiday.
You know me, I love to pay taxes anyway! Right??

Tony Arnold said...

I'll just pay the "avoid the crowd" tax and shop normally.

JMG, I too owned a small business at one time and cringed everytime one of the state envelopes showed up, which they did all the time. I have never seen so much paper work in my life.