taxes

2009 tax holiday schedule

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 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.

Texas

  • Tax holiday dates: Aug. 21 to Aug. 23
  • General exempt items: Most clothing and footwear priced less than $100 will be tax-exempt this weekend. The break applies to items individually, not a shopper's total purchase amount. That means a customer escapes the state's combined local and state sales tax, which could be as high as 8.25 percent, on each of a dozen shirts each priced at $99.99. But the full tax is due on a shirt that sells for $100. And new this year, Lone Star State shoppers will get a sales tax break on most school supplies purchased for use by elementary or secondary school students as long as the items cost less than $100.
  • Notable exceptions: Despite the sports fanaticism of Lone Star State residents, only football and baseball jerseys are tax-exempt. Other associated items (pads, helmets, mitts, cleats, etc.) remain taxable, as do most other clothing and footwear used primarily for athletic activities or protection. Accessories such as jewelry, watches and handbags also are excluded from the sales-tax holiday.
More information is available on the Texas' sales-tax holiday Web site.

 

advertisement
replacecontent-tcm:8-129109

 

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.28%  0.02 4.26%
15 year fixed, 0 point 3.30% --0.00 3.30%
5/1 ARM 3.35%  0.05 3.30%
 
View Rates in your area Search
Product Rate Change Last week
30K FICO-based HELOC 4.74%  0.01 4.75%
50K FICO-based HELOC 4.53%  0.02 4.51%
100K FICO-based HELOC 4.26%  0.02 4.24%
 
View Rates in your area Search
Product Rate Change Last week
60 month used car loan 2.86% --0.00 2.86%
48 month used car loan 2.79% --0.00 2.79%
60 month new car loan 2.94% --0.00 2.94%
 
View Rates in your area Search
Product Rate Change Last week
1 Year CD 0.89%  0.00 0.89%
2 Year CD 1.02% --0.01 1.01%
5 Year CD 1.59% --0.00 1.59%
 
View Rates in your area Search
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.04 15.71%
Cash Back Cards 16.32%  0.04 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
Search
DAILY TAX TIP NEWSLETTER

Get expert advice during tax season on tax preparation and tips for cutting your tax bill.

advertisement

Connect with us