Taxes Blog

Finance Blogs » Taxes » Sales tax holiday season has begun

Sales tax holiday season has begun

By Kay Bell · Bankrate.com
Tuesday, May 25, 2010
Posted: 3 pm ET

The annual sales tax holiday season officially began today.

True, Missouri has a tax-free event in April. But with the arrival of the Memorial Day weekend and the summer season, three more states -- Virginia, Louisiana and Texas -- are offering shoppers sales tax breaks.

Virginia started its week-long hurricane preparedness sales tax holiday today, May 25. It runs through Monday, May 31.

A similar storm-related tax holiday will be held in Louisiana on Saturday, May 29, and Sunday, May 30.

Texas is giving its shoppers a three-day, sales-tax-free break on energy-efficient products on Saturday, May 29, through Memorial Day Monday.

Lots of tax-free products: In Virginia, the big savings will be on generators costing $1,000 or less and other hurricane supplies costing $60 or less. The state has a special website with complete product lists, guidelines and FAQs.

Louisiana will not collect state sales tax on the first $1,500 charged on a wide variety of storm-prep products. The complete tax-free shopping list and other tax holiday details are posted on the state's website.

Texas has seen its fair share of dangerous storms strike its coastline, but the Lone Star State's Memorial Day weekend event gives shoppers a break from state and local sales taxes on purchases of certain energy efficient products. Find out exactly what qualifies for tax savings at the state's special website listing products and sales conditions.

More tax holidays on the way: If you don't live in one of these states, don't worry. You're likely to get a back-to-school sales tax holiday in your state or in a neighboring one. Stay tuned to Bankrate for details on those upcoming events.

In the meantime, you can find out exactly what you're paying in sales taxes at Bankrate's state tax directory.

Do sales tax holidays affect your shopping plans? Do you go in search of just tax-free items? Or do you end up spending more on things that still cost you sales tax?

«
»
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.