Saturday, August 6, 2011

It's Tax Free Weekend, Time To Get Ready For School

The interior of a typical Costco warehouse clu...Image via WikipediaIn 8 states this weekend you will not have to pay sales tax on back to school items. During the month of August eight other states will also have tax free weekends. During this tax free holiday the items allowed to be tax free are clothes, school supplies, books, and computers. Each state has certain limits to the amount of the purchase and which items are allowed to be tax free in the particular state.

Originally the weekends were meant to get junior outfitted with new clothes and shoes for returning to school but the items covered by the tax free rules have expanded. Now you can purchase computers, school supplies, and even appliances. The amount of the items can go as high as $2,500 as in Louisiana.


The Louisiana Sales Tax Holiday provides an exemption from state sales tax on the first $2,500 of the purchase price of most individual items of tangible personal property for non-business use. The state sales tax is payable on the portion of the purchase price of any individual item in excess of $2,500.This Means you can buy anything except vehicles that require a tag and title.

Missouri allows you to buy software up to $350 without paying tax and computers up to $3,500 without paying sales tax.


Check out this chart for purchasing rules and links to specific states information.


StateItems and Maximum Cost (Per Item)2011 DatesMore Information
Alabamaclothing – $100
computers – $750
school supplies – $50
books – $30
August 5-7revenue.alabama.gov
Arkansasclothing and footwear – $100
Clothing accessories – $50
school supplies, art supplies, school instructional material
August 6-7www.dfa.arkansas.gov
Connecticutclothing and footwear – $300August 21-27www.ct.gov
Floridaschool supplies – $15
clothing – $75
August 12-14dor.myflorida.com
Iowaclothing – $100August 5-6www.iowaccess.org
Louisianaall TPP – $2,500
hurricane preparedness items – $1,500
August 5-6revenue.louisiana.gov
Marylandclothing and footwear – $100August 14-20www.marylandtaxes.com
MassachusettsTVs, clothing, personal items – $2,500August 13-14www.mass.gov
Missouriclothing – $100
computers – $3,500
school supplies – $50
August 5-7dor.mo.gov
New Mexicoclothing – $100
computers – $1,000
school supplies – $15
August 5-7www.tax.newmexico.gov
North Carolinaclothing – $100
school supples – $100
instructional material – $300
computers – $3,500
other comp. – $250
sports equip – $50
August 5-7www.dornc.com
Oklahomaclothing – $100August 5-7www.tax.ok.gov
South Carolinaclothing
school supplies
computers
other (Check SC site for explicit items’ exemptions)
August 5-7www.sctax.org
Tennesseeclothing – $100
school supplies – $100
computers – $1,500
August 5-7tn.gov
Texasclothing, backpacks, and school supplies – $100August 19-21www.window.state.tx.us
Virginiaclothing – $100
school supplies – $20
August 5-7www.tax.virginia.gov


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