First of two Tenn. “tax free” weekends July 31 - Aug. 2
Tennessee will have two “tax free” weekends, which can help with back-to-school purchases, in an effort to sup-port the economy during the COVID-19 pandemic.
According to an announcement from the Tennessee Department of Revenue, clothing, computers, and other back-to-school items will be tax free during the first weekend, from 12:01 a.m., July 31 and end Aug. 2, at 11:59 p.m.
The price thresholds for the sales tax holiday weekend will be double what it has been in the past years. School supplies and clothing, will be $200 or less, for qualifying items.
Computers and other electronics will be $3,000 or less.
The second weekend, will be from 12:01 a.m., Aug. 7 through 11:59 p.m., Aug. 9. This weekend will exempt restaurant food and drink purchases from sales tax.
“The COVID-19 pandemic has caused immense economic strain on Tennessee families. These sales tax holidays will allow them to keep more of their hard-earned money and support Tennessee businesses,” Tennessee Gov. Bill Lee said in a press release.
This double sales tax holiday is for 2020 only, officials said.
A list of exempt items for the first weekend is available at the Department of Revenue’s website at https://www.tn.gov/content/dam/tn/revenue/documents/taxes/sales/salestaxholiday/ItemsTaxExempt2020.pdf.
Kentucky will not have a “tax free” weekend in 2020.
Please support the Current by subscribing today!