Sales Tax Holiday Going On Now

The seventh annual Tennessee “Sales Tax Holiday” began today (Aug. 3, 2012) and will end Sunday (Aug. 5, 2012) 11:59 p.m. During the holiday, clothing with a purchase price of $100 or less per item is exempt from sales tax. School supplies exempted include items of $100 or less like binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, ruler, and scissors. Additionally, there is no requirement that purchases be made only for students. Computers with a purchase price of $1,500 or less, not for use in a trade or business, are also exempt from tax. Laptop computers, if priced at $1,500 or less, qualify as well as tablet computers.