Mark your calendars for a weekend of savings in Tennessee. The state's annual sales tax holiday is set to kickoff on July 25 and will continue through July 27. Shoppers can look forward to saving nearly 10 percent on specific items just in time for back-to-school preparations. According to a recent announcement on the Tennessee Department of Revenue website, clothing and school supplies priced at $100 or less, alongside computers priced at $1500 or less, will be exempt from sales tax during this period.
"Tennessee's strong track record of fiscal stewardship has allowed our state to cut taxes and put dollars back in the pocket of hardworking Tennesseans," Governor Bill Lee said, as quoted on the Tennessee Department of Revenue website. He also encouraged families to take this opportunity to save on essential items, expressing thanks to the General Assembly for facilitating this financial relief for taxpayers. The tax exemption applies to both in-store and online purchases, allowing everyone to conveniently take part in the holiday.
Revenue Commissioner David Gerregano highlighted the unique nature of this event, stating, "Tennessee’s sales tax holiday is the one time each year when these items can be bought without paying any sales tax." The Tennessee Department of Revenue invites Tennesseans to enjoy the benefits of the savings offered during this weekend event. More details about eligible items and answers to commonly asked questions can be found by visiting the tax holiday's dedicated website or by reaching out via phone or email.
The tax holiday is part of ongoing efforts by the state to support residents and promote fiscal responsibility. In the previous fiscal year, the Department of Revenue collected approximately $22.2 billion in state taxes and fees, along with $4.7 billion for local governments. Additional information about the department’s responsibilities and initiatives is available on its website.
