 |
 |
Find out if your state offers tax breaks on back-to-school shopping and what the rules are for the discount.
|
|
2007 tax holidays schedule
|
| Sales tax holidays offer shopping bargains |
| Page | 1 | 2 | 3 | 4 | 5 | |
|
|
|
| |
|
Georgia
- Tax holiday dates: Aug. 2-5
- General exempt items: Peach State
shoppers get a bit of a head start with the
state's sales-tax holiday starting on a Thursday,
and it applies to a wide variety of purchases.
During the event, state sales tax will not be
collected on clothing and footwear selling for
$100 or less, a single purchase of $1,500 or
less of personal computers, and/or related accessories
and general school supplies with a sales price
of $20 or less per item. The state will hold
a second sales-tax holiday Oct. 4-7 for specific
energy-efficient products. Tax officials say
they will provide details on that holiday later,
but it is likely to be similar to last year's
version in which energy-efficient products costing
$1,500 or less were exempt from sales tax as
long as the item met or exceeded federal standards
and was purchased for home or personal use.
- Notable exceptions: Clothing accessories are not tax-free. As for computers, if the single purchase exceeds $1,500, then the entire transaction is taxable. The sales-tax exemptions do not apply to items sold at theme parks, entertainment complexes, hotels, restaurants and airports.
More information is available on Georgia's
sales-tax holiday Web site.
Iowa
- Tax holiday dates: Aug. 3-4
- General exempt items: During the first Friday and Saturday of each August in the Hawkeye State, no tax (including school and local option sales levies) will be collected on clothing or footwear items costing less than $100. The tax break is available for each eligible article, regardless of how many items are sold on the same invoice to the same customer.
- Notable exceptions: The holiday does not extend into Sunday. All items priced at $100 or more remain taxable. Also check the exempt list carefully. Belts without buckles attached are still taxed during the two holiday days, but if you buy a belt with a buckle on it, the item is tax-free.
More information is available on Iowa's sales-tax holiday Web site.
Louisiana
- Tax holiday dates: Aug. 3-4
- General exempt items: Pelican State
shoppers will not have to pay sales tax on most
items purchased for personal use that do not
exceed $2,500 each. If a product costs more
than the exemption limit, sales tax will be
collected on the amount over $2,500.
- Notable exceptions: Sales tax will continue to be collected on vehicles and restaurant meals, including to-go orders, Also, the holiday does not apply to sales taxes levied by parishes, municipalities, school boards and other state political subdivisions.
More information is available on Louisiana's
sales-tax holiday Web site.
|
 |
|
| Page | 1 | 2 | 3 | 4 | 5 | |
|
|
|
|
|
|
|
|
TOP TAX STORIES |
|
|
|
|
 |
Compare Rates
NATIONAL OVERNIGHT AVERAGES
Rates may include points
|
|
|
|