Sales tax on school, emergency supplies to take holiday August 3-5

Sales tax on school, emergency supplies to take holiday Aug. 3-5

As South Carolina prepares for its annual Sales Tax Holiday Weekend, North Carolina goes on its fifth year without the back-to-school shopping option.

The other two holidays that will be discontinued from the state sales tax exemptions are are the Second Amendment Sales Tax Holiday Sept. 7-9 and the Disaster Preparedness Sales Tax Holiday on the last weekend of May.

Exempted items during tax-free weekend include shoes and clothing under $100 per item, computers under $1,000, computer hardware under $500 and school supplies under $30 per item. Stocking up on new clothing, computers, electronics and even basic school supplies can swiftly add up, with household spending for children in grades K-12 expected to reach almost $28 billion nationwide this year, according to a recent Deloitte survey. The local tax break on the Second Amendment Holiday will remain in place.

"Due to sound fiscal management and a strong economy, the state had nearly a $400 million budget surplus", said Department of Revenue Secretary Richard Chandler in a statement last week.

Gordon Gough, president of the state Council of Retail Merchants, says consumers will get the "lion's share of benefits".

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The weekend begins on Friday and goes through Sunday.

Looking to start your back-to-school shopping?

This year, the state of Louisiana did not offer a tax free weekend which created extra shoppers heading down to MS to make their purchases. "Also, just tourists that were just staying here and found out about the tax free and wanted to come shop with us".

(8) How are exchanges of items purchased during the "sales tax holiday" handled when returned after the "sales tax holiday?"

"I suspect someone will file a bill to add them back and I'll look at it again", Davis said.

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