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Thursday, July 24, 2008

Tax Free Summer Days

Yes, its true. Some states (almost half) have days were they remove sales tax from assorted purchases. Bear with me if this is old news to you. Since Mississippi is one of the states in our Union that does not have tax-free days, I didn't know about this phenominon. But, take heart if you are in Tennessee, Texas, Virginia, Alabama, or Louisiana (among many others)! You have days very soon where you will not have to pay sales tax on purchases such as clothing, school supplies, energy efficient appliances, or basically any other personal property item, excluding things like eating at restaurants. An example, according to AOL.com today,

Tennessee
Date: Aug. 1-3

Tax Savings: 7%

Eligible Products:
Clothing and school supplies worth $100 or less. A single purchase of a computer, software and/or computer accessories with a combined value of $1,500 or less.

(Cost is per item unless otherwise noted.)

or

Louisiana
Date: Aug. 1-2

Tax Savings: 4%

Eligible Products:
All "tangible personal property" — except vehicles, meals and services — worth $2,500 or less.

(Cost is per item unless otherwise noted.)


I guess I'll have to do my shopping in LA next weekend!

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