Back-to-school sales tax holiday begins Friday
Virginia’s annual back-to-school sales tax holiday will be held Friday through Sunday.
This is the seventh year for the sales tax holiday, which covers most school supplies costing $20 or less each and clothing items and footwear priced at $100 or less. These items will be exempt from Virginia’s 5 percent state and local sales tax.
The list of tax-exempt items is the same as last year and includes such products as pens, pencils, loose leaf ruled notebook paper, scissors, binders, backpacks, construction paper, sneakers, dresses, jeans and T-shirts.
An all-inclusive list of school supplies, a list of exempt clothing and footwear items, holiday guidelines for shoppers and retailers, and answers to frequently asked questions are available on the Department’s Sales Tax Holiday Information Center at www.tax.virginia.gov.
As long as each item purchased qualifies for the exemption, there is no limit on the number of items you can buy.
During this sales tax holiday, retailers may also choose to save taxpayers even more by absorbing the sales tax on items that are not eligible for exemption. The retailers must then pay the sales tax themselves on such sales.
Posted on Aug 01, 2012 - 01:33 PM