New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

Special section Save on back-to-school shopping

Find out if your state offers tax breaks on back-to-school shopping and what the rules are for the discount.

2009 tax holiday schedule

2009 tax holiday schedule
 

Oklahoma

  • Tax holiday dates: Aug. 7 to Aug. 9
  • General exempt items: The Sooner State's tax will not be collected on clothing and footwear costing $100 or less per item. Retailers are required to participate. In addition to the state sales tax, eligible items also are free of local taxes this weekend.
  • Notable exceptions: The total price of items in a buy one, get one free promotion cannot be averaged to qualify both items as tax free. The exemption depends on the actual price paid for each item.

More information is available on Oklahoma's sales tax holiday Web page.

South Carolina

  • Tax holiday dates: Aug. 7 to Aug. 9
  • General exempt items: South Carolina's 8 percent sales tax and any local sales and use tax will not be collected this weekend on clothing, clothing accessories, footwear, school supplies, computers, printers, printer supplies and computer software. Many bath and bed linen products also are tax-free during this period. The Palmetto State also will hold its Second Amendment Sales Tax Holiday on Nov. 27 and Nov. 28, during which time no tax will be collected on purchases of handguns, rifles and shotguns.
  • Notable exceptions: While the August tax holiday law exempts computers, computer peripherals are taxable; the sale of a computer monitor, keyboard or scanner by itself would not be exempt during the sales tax holiday. Any such computer product must be part of a package included with the computer processing unit in order to be tax-exempt.

More information is available on South Carolina's sales tax holiday Web site.

Tennessee

  • Tax holiday dates: Aug. 7 to Aug. 9
  • General exempt items: During the first weekend of each August, shoppers won't have to volunteer any taxes on clothing with a price of $100 or less per item; school supplies selling for $100 or less per item; and computers for personal use, not business, with a price of $1,500 or less. Art supplies for school work (clay, glazes, paint, paintbrushes, sketch pads, etc.) also are tax-exempt as long as they meet the $100 limit.
  • Notable exceptions: While a purchase of a computer, laptop or PC that meets the price limit is tax-exempt, the various components must be bundled to be tax-free. Software beyond what is preloaded as part of the computer package is taxable, as are printers and printer supplies.

More information is available on Tennessee's sales tax holiday Web site.

-- Updated: July 21, 2009
Page | 1 | 2 | 3 | 4 | 5 |

INTRODUCTION
 
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
Rates may include points
- advertisement -
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.