Oh my God, they killed tax holiday! A North Carolina tax reform bill knocked off the 2014 tax holiday without a second to spare. And a second is all it takes for die hard tax-free shoppers to charge a mall between August 2 – 4. Take advantage of the last tax holiday.
Trouble in tax paradise?
North Carolina Gov. Pat McCrory pushed for the tax reform bill to pass. The law ceases next year’s tax holiday. After news of the Department of Revenue finding a $13.6 million loss, just last tax holiday alone, it didn’t look good for tax holiday. But shoppers love tax-free merchandise, even when the tax holiday end is nigh.
Clothing, footwear, and school supplies at $100 or less per item qualifies as a tax-free item. According to the DOR, computer and netbooks ($3,500 or less per item), sports equipment ($50 or less per item), and school instructional material ($300 or less per item) qualifies during tax-free weekend.
Go for the computer. Top tax-free savings.
Ladies, you cannot purchase cosmetics or jewelry tax-free during tax-free weekend. Men, you will not be allowed to purchase a wallet tax-free. The irony.
No tax-free rentals, no tax-free furniture, no tax-free clothing accessories, no tax-free protective equipment, and no tax-free item used for trade or business. Auto sales do not come tax-free. Haircuts? Seriously?
Tax-free items include baby receiving blankets, aprons, diapers, lab coats, sports gloves, goggles, mouth guards, and computer supplies, etc. View the exempt DOR list.
Could involve a child, a relative, a friend, yourself. It’s time to get the most out of North Carolina’s last tax-free weekend by making that list.
School supplies should top the list of things tax-free. It’s all about the needs of children first. Check local department store ads, drugstore ads, and area tax-free weekend sales circulars. Don’t forget the computer store ads. Most importantly, print out any online coupons for tax-free items.
This year just may be the busiest back-to-school tax holiday North Carolina has ever experienced. Triple-digit and tax-free. Now that’s what I’d call tax relief!
Energy Star tax-free weekends also face the chopping block. Not feeling patriotic this tax holiday?
Just when it couldn’t get any better, web surfers suggest customers aren’t saving on tax holiday after all. Turns out there’s better sale days ahead of tax holiday.
Ever heard of Black Friday?
DOR, “Tax Holiday”, http://www.dornc.com/press/2013/salestaxholiday.html; http://www.dornc.com/press/2013/salestaxholiday.html