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Fewer TN Consumers Engage in Sales Tax Holidays

By Lucas Johnson
NASHVILLE, Tenn. — Tennesseans taking advantage of the state’s sixth annual sales tax holiday this weekend say it provides needed relief in a tough economy, but state figures show that shoppers aren’t using it as much as they first did.
From Friday through Sunday, there will be no sales tax applied to purchases like clothing, school and art supplies and computers. There is a maximum price of $100 per item to be exempt. Computers are exempt up to $1,500.
“I think it’s a good idea, especially the way the economy is right now,” said Lee Cheese, who plans to shop for her 4-year-old grandson. “No children need to go back to school not properly clothed or not have the supplies that they need.”
Gov. Bill Haslam said the tax-free period was “designed with Tennessee families in mind, providing savings for families, especially as students begin to prepare for the upcoming school year.”
States started adopting the sales tax holidays in the late 1990s, and by 2001 a dozen states held them. The list shrank to eight the next year as states grappled with an economic downturn after the Sept. 11 attacks.
Currently, 19 states and the District of Columbia hold tax holidays, according to the Federation of Tax Administrators.

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