Taxes Blog

Finance Blogs » Taxes » Another tax holiday in Virginia

Another tax holiday in Virginia

By Kay Bell · Bankrate.com
Thursday, October 7, 2010
Posted: 2 pm ET

Some Virginia residents, as well as folks in neighboring states, will be spending the long Columbus Day weekend shopping.

The reason: Friday, Oct. 8, through Monday, Oct. 11, is Virginia's annual Energy Star and WaterSense Sales Tax Holiday.

During these four days, certain energy-efficient appliances will be exempt from Virginia's state and local combined 5 percent sales tax.

Products priced at $2,500 or less each and which are purchased for noncommercial home or personal use will be tax-free.

Qualifying Energy Star items include dishwashers, washing machines, refrigerators, air conditioners, ceiling fans, compact fluorescent light bulbs and programmable thermostats.

Tax-exempt WaterSense items include bathroom sink faucets, faucet accessories, and toilets.

Do you live in Washington, D.C.MarylandWest VirginiaKentuckyTennessee or North Carolina and need a new energy-efficient appliance? It might be worth hopping across the border to buy one tax-free.

Remember, though, you're likely to owe a use tax to your home state's tax collector.

In addition to the latest tax-saving tips, get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.