Back-to-school sales tax holiday underway this weekend
While back-to-school shopping may be the last thing on the mind of Virginians basking in the glow of summer fun, this weekend may just be the perfect time to hit the stores. Virginia’s annual back-to-school sales tax holiday runs from Friday through Sunday.
Items that will be exempt from sales tax during the holiday include most articles of clothing and footwear priced at $100 or less each, and school or office supplies that cost $20 or less per item. There is no limit to the number purchased without paying the sales tax, provided each item meets the holiday restrictions.
"After four straight years of revenue surpluses, it is evident that Virginia’s economy continues to strengthen," said Gov. Bob McDonnell. "I hope Virginians will go out and take advantage of this holiday by spending their back-to-school dollars at Virginia retailers. Not only will this continue to benefit our state’s economy and employers, it will save Virginians some money at the same time."
A list of qualifying items, guidelines for the holiday, and answers to frequently asked questions are available on the Virginia Department of Taxation’s website at www.tax.virginia.gov. Anyone can buy tax-exempt items during the holiday; it is not limited to purchases for students.
During the tax holidays, retailers may elect to pay the sales tax themselves on any non-qualifying items that they want to offer tax-free to customers.