UPCOMING
SALES TAX HOLIDAY TO INCLUDE MORE
ITEMS
Single item value now increased
to $300
By Jon Mayhew
Publisher
LINCOLNTON -- People
looking for a bargain on school
supplies are getting an extra
break during the upcoming North
Carolina sales tax holiday. It's
the seventh year in a row for the
holiday, where sales taxes are
waived for a two-day period. For
2008, the sales tax holiday
starts Friday Aug. 1 and runs
through Sunday Aug. 3.
Last year, North Carolina
Governor Mike Easley signed a law
that added school instructional
materials, such as reference
books, maps, globes, textbooks
and workbooks with an individual
price tag of up to $300, to the
list of items included as exempt
from the sales tax. Previously,
the price limit was $100.
"As many families find
themselves squeezed by the
national economy with increasing
prices for food, gasoline and
other necessities, our tax
holiday offers consumers a chance
for some real savings,"
Easley said. "With all the
needs the start of a new school
year brings, this is a way for
families to stretch their
hard-earned money a bit farther
and an opportunity to generate
significant business for our
retailers."
During the tax holiday weekend,
consumers will not pay sales tax
on the following items: clothes
and footwear costing less than
$100 per item; school supplies
such as pens, pencils, paper,
notebooks, textbooks, book bags,
lunch bags and calculators
costing less than $100 per item;
sports and recreation equipment
costing $50 or less per item;
computers costing less than
$3,500 and computer supplies
costing less that $250 per item.
An all-inclusive list of items
that qualify as "school
supplies" during the sales
tax holiday is available at the
N.C. Department of Revenue's web
site:
http://www.dornc.com/taxes/sales/holiday_4-08.pdf.
The back to school sales tax
holiday was enacted by the
General Assembly and signed into
law by Easley in 2001.
In November, consumers will
receive another reprieve from the
sales tax with the governor's
first tax holiday on
energy-efficient items. During
the first weekend of November,
specific "Energy Star"
qualified appliances such as
washing machines, freezers and
refrigerators, air conditioners
and other items will be exempt
from sales tax.
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