Aug. 5: Shop Tax Free In Tennessee
Thursday, July 26, 2012 3:35 pm
Nashville, Tenn. -- The Department of Revenue is reminding Tennesseans that the seventh annual Sales Tax Holiday is scheduled for Friday, August 3 through Sunday, August 5. During these three days Tennessee shoppers can save nearly 10 percent on tax-free clothing, school and art supplies and computer purchases. "The annual Sales Tax Holiday was designed with Tennessee families in mind, providing savings for families, especially as students start the new school year,” Gov. Bill Haslam said. The holiday begins Friday, August 3 at 12:01 a.m. and ends Sunday, August 5 at 11:59 p.m. During the designated three-day weekend, consumers will not pay state or local sales tax on clothing with a price of $100 or less per item, school and art supplies with a price of $100 or less per item, and computers with a price of $1,500 or less. “As in years past, last year's tax-free weekend was very successful, providing Tennessee taxpayers nearly $9.6 million in tax savings” said Revenue Commissioner Richard H. Roberts. “We are hopeful that all Tennessee shoppers will take advantage of the tax relief provided by the 2012 Sales Tax Holiday.” Please visit the Sales Tax Holiday Web site at www.tntaxholiday.com to learn more about the items exempt from sales tax. The Tennessee Department of Revenue also assists consumers via e-mail, Salestax.Holiday@TN.gov, and through its toll-free statewide telephone hot line, (800) 342-1003. Staff is available to answer questions Monday through Friday 7 a.m. to 5 p.m. Central Time. (Out-of-state and Nashville-area callers, please dial (615) 253-0600.) Examples of exempt items include:
The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 91 percent of total state tax revenue. During the 2012 fiscal year, the department collected $11.3 billion in state taxes and fees. In addition to collecting state taxes, the Department of Revenue collects taxes for local, county and municipal governments. During the 2012 fiscal year, local government collections by the Department of Revenue exceeded $2.0 billion in local taxes and fees. In collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.TN.gov/revenue.
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