Local businesses and consumers will get a boost from the “Sales Tax Holiday” set to begin August 4 in Tennessee according to Representative Richard Montgomery  (R-Sevier County), a strong supporter of the bill.  Rep. Montgomery was among legislators pushing for tax relief during the 104th General Assembly, including passage of a Sales Tax Holiday in August and one for a date next Spring.
“This holiday will be a boost for businesses, while giving consumers some tax relief,” said Rep. Montgomery.  “I am pleased that it was approved and that we were able to extend the holiday to another date next spring.  However, our efforts at tax relief do not need to end there, we need to continue to push for ways to return surplus revenues to our citizens.”
Rep. Montgomery said the local businesses can begin the holiday at 12:01 a.m. on Friday, which would end at 11:59 p.m. on the following Sunday.  During the holiday, clothing and school supplies with a price of $100 or less per item, and computers with a price of $1,500 or less per item will be exempt from the state sales and use tax.  Clothing includes shirts, dresses, pants, coats, gloves, hats and caps, hosiery, neckties, belts, sneakers, shores, uniforms and scarves.  School supplies include items used by a student in a course of study.  It also includes binders, book bags, calculators, tape, chalk, crayons, erasers, folders, glue, pens, pencils, lunch boxes, notebooks, paper, ruler, and scissors.
“The sales tax holiday and the amendment to give our elderly and disabled citizens property tax relief is a good start at our efforts to give citizens tax relief,” Montgomery concluded.

… read the rest of the story by Subscribing now.

... read the rest of the story by Subscribing now.