This weekend will begin the 15th annual Sales Tax Holiday in Tennessee, though it will look a little different this year.
In June, the General Assembly approved an extension of the 2020 Sales Tax Holiday.
Not only did they double the price limits for tax-exempt items, but also included an additional weekend for the retail sale of food and drink at restaurants to be tax-exempt.
Citizens, restaurants, and retailers across our community have felt the economic hit from the COVID-19 pandemic, making this Sales Tax Holiday perhaps more important than ever before.
Parents, teachers, and students will all face new challenges during this school year, and it is important to offset a portion of the financial costs of the new education landscape. Some of the challenges will include ensuring each student has personal school supplies to decrease the amount of sharing that goes on in a classroom to minimize the spread of germs. Other families who choose to participate in remote learning will require new technology and supplies at home for their children to complete school work.
The first tax-free weekend focuses on clothing and other back-to-school items. It begins at 12:01 a.m. Friday, and ends Sunday, August 2nd, at 11:59 p.m.
During this time, consumers may purchase clothing, school supplies, computers, and other qualifying electronic devices without paying sales tax.
Qualifying items purchased online are also tax-exempt.
The second sales tax holiday weekend focuses on restaurant sales. It begins at 12:01 a.m. Friday, August 7th, and ends Sunday, August 9th, at 11:59 p.m.
During this time the retail sale of food and drink by restaurants is exempt from sales tax.
For more information about the sales tax holiday weekends, visit tntaxholiday.com.