Sales Tax Holiday Recap:

Thanks to CCH for recapping the August Holidays.  © 2007, CCH INCORPORATED.  NEWS-STATE, 2007TAXDAY, (July 19, 2007), Item #S.1

August 2007 Holidays

Alabama: From August 3-5, 2007, the following are exempt: clothing costing $100 or less per article; a single purchase costing $750 or less of computers, software, and school computer supplies; noncommercial purchases of school supplies and instructional materials up to a sales price of $50 per item; and noncommercial purchases of books up to $30 each.

Connecticut: Clothing and footwear sold for less than $300 are exempt from sales and use tax from August 19-25, 2007. The holiday exemption replaces the regular exemption for clothing and footwear costing less than $50, which remains in effect for all other periods, and it does not apply to athletic or protective clothing and footwear, jewelry, handbags, luggage, umbrellas, wallets, and watches.

District of Columbia: Sales of school supplies, clothing, accessory items, and shoes for $100 or less are exempt from sales tax from August 4-12, 2007.

Florida: Books, clothing, footwear, and certain accessories with a sales price of $50 or less per item, and school supplies with a sales price of $10 or less per item, are exempt from Florida sales and use tax from August 4-13, 2007. The exemption does not apply to sales within a theme park, entertainment complex, public lodging establishment, or airport.

Georgia: From August 2-5, 2007, Georgia sales and use tax does not apply to certain school supplies (up to $20 per item); clothing and footwear (priced at $100 or less per article); and computers and computer-related accessories (for a single purchase of $1,500 or less).

Iowa: The state’s sales tax holiday on select clothing and footwear runs August 3-4, 2007. During the holiday, no sales tax, including school and local option sales taxes, will be collected on clothing or footwear that have a selling price of less than $100 per item. Certain accessories are excluded from the tax holiday.

Louisiana: In a newly enacted, broad-based holiday, the first $2,500 of the price of most items of tangible personal property purchased from August 3-4, 2007, will be exempt. The holiday covers purchases by consumers for nonbusiness use, but does not apply to transactions involving vehicles, meals, taxable services, or leases or rentals of tangible personal property.

Massachusetts: At press time, the Legislature appeared poised to enact a tax holiday for August 11-12, 2007, that would exempt purchases of items valued at up to $2,500. The Governor and legislative leaders have announced their support.

Missouri: From August 3-5, 2007, retail sales of the following are exempt from state sales tax: clothing and footwear (excluding certain accessories) costing $100 or less, school supplies costing $50 or less, computer software with a taxable value of $350 or less, and personal computers and computer peripheral devices sold for $3,500 or less. The tax holiday may not apply to a retailer if less than 2% of the retailer’s merchandise qualifies for the holiday; however, the retailer must offer a tax refund if the customer requests one.

New Mexico: Customers may buy the following items free of tax from August 3-5, 2007: clothing or shoes sold for less than $100 (excluding items primarily for athletic or protective use); computers (but not handheld computers) sold for no more than $1,000, and any associated monitor, speakers, printer, or related items sold for no more than $500; notebooks, paper, writing instruments, crayons, art supplies, paper clips, staples, staplers, scissors, and rulers priced under $15; and bookbags, backpacks, handheld calculators, maps, and globes priced under $100. However, retailers are not required to participate.

North Carolina: The sales and use tax holiday runs from August 3-5, 2007. Exempt items are clothing and school supplies with a sales price of $100 or less; sports and recreation equipment with a sales price of $50 or less; computers with a sales price of $3,500 or less; and computer supplies costing $250 or less. Clothing accessories, protective equipment, furniture, and rentals are not exempt during the holiday.

Oklahoma: Sales of clothing and footwear costing less than $100 are exempt from August 3-5, 2007.

South Carolina: During the period August 3-5, 2007, clothing, clothing accessories, footwear, school supplies, computers, printers, printer supplies, computer software, and linens for the bed and bath are exempt from state and local sales tax. Certain items, including, but not limited to, jewelry, cosmetics, furniture, and items for use in a business are not exempt during the holiday.

Tennessee: Clothing and school supplies, including art supplies, costing $100 or less and computers, other than those for use in a trade or business, costing $1,500 or less are exempt from August 3-5, 2007.

Texas: From August 17-19, 2007, sales of most clothing, footwear, and school backpacks priced at less than $100 are exempt from state and local sales taxes. Clothing and footwear used primarily for athletic activities or for protective wear are ineligible for the exemption. Accessories and rentals of clothing also are excluded from the holiday.

Virginia: Sales of clothing and footwear costing $100 or less and school supplies costing $20 or less are exempt from August 3-5, 2007.