Press Release from Lt. Gov. and GOP Candidate for Governor Ron Ramsey; Aug. 2, 2010;
Tax Holiday Set for August 6 – 8
(NASHVILLE) – Local businesses and consumers will get a boost from the “sales tax holiday” set to begin this Friday, August 6 and ending Sunday, August 8 according to Lt. Governor Ron Ramsey, a key supporter of the measure passed by the General Assembly in 2005. The holiday, which has been in effect since 2006, is set by law to take place at 12:01 a.m. on the first Friday in August and ends at 11:59 p.m. on the following Sunday.
“Every year since its implementation, this sales tax holiday weekend continues to be a big boost for retail businesses in Tennessee, proving tax relief is a key factor in stimulating the economy ,” said Lt. Governor Ramsey. “It also provides tax relief for working families, particularly those who are buying back-to-school clothing and supplies.”
Ramsey said the holiday is particularly geared toward back to school needs, but it applies to clothing and many other items, which helps consumers of any age. During the holiday, clothing and school supplies with a price of $100 or less per item, and computers with a price of $1,500 or less per item will be exempt from the state sales and use tax. Clothing includes shirts, dresses, pants, coats, gloves, hats and caps, hosiery, neckties, belts, sneakers, shoes, uniforms and scarves. School supplies include items used by a student in a course of study. It also includes binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, ruler, and scissors.
“I am very pleased that this legislation was approved and has provided tax relief to our citizens, as well as a boost to our economy. I hope many citizens will continue take advantage of this sales tax holiday this year.” Ramsey concluded.