Friday, August 5, 2005

Sales Tax Holiday

Once every year, the state of North Carolina gets generous and allows shoppers to buy certain things without having to pay the 7% sales tax. More information on this weekend's sales tax holiday is below.

 

                               Sales Tax Holiday

G.S. 105-164.13C provides an exemption for certain items of tangible personal property sold between 12:01 A.M. on the first Friday in August and 11:59 P.M. the following Sunday. For 2005, the dates are Friday, August 5th through Sunday, August 7th. Clothing, footwear, and school supplies of $100 or less per item; sports and recreation equipment of $50 or less per item; and computers of $3,500 or less per item will be exempt.


Clothing accessories, jewelry, cosmetics, protective equipment, wallets, furniture, items used in a trade or business, and rentals are not covered by the exemption and will be subject to the applicable tax

 

 

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