Sunday, August 3, 2008

Tax-Free Weekend, Part Deux


This weekend is the second tax-free weekend (August 1-3) of the year, and you may recall that I featured the first one back in April.  As you may also recall, the state legislature decided to  allow two tax-free weekends per year to spur sales of school supplies and clothing since Tennessee has the highest sales tax in the country  (9.25-9.75% depending on the county).  Exempt items include clothing ($100 or less per item), school supplies, art supplies for school, computers (less than $1500 per item).  You can see a complete list of items by clicking here if you are interested. 

Friday afternoon, we went to the mall to check something out, and I noticed the line of customers waiting to get into the Apple Store (above).  From what I understand, if you didn't make a personal shopping appointment in advance, you had to wait in line to go in and buy a computer.  In the hour we were at the mall (1:00 - 2:00 PM), the line never decreased in size.  Consider, though, that the savings on a computer could be $100 or more depending on the model.

7 comments:

Jim said...

With that savings it sounds like it would be worth the wait. We have a tax free weekend in Texas sometime this month.

Virginia said...

The last two weeks that I have been at our Apple store for my one on one sessions, there were folks lined up outside, just to buy the IPhone !

Chris, do you still have your party hat on from yesterday's one year anniversary celebration?

ken mac said...

spend that cash! Hi Chris, there is still a small, kind of weird stamp store in the east village. That the one?

Knoxville Girl said...

woo-hoo! I bought a tax-free t-shirt that says...
Knoxville Girl ! (and got a free shot of rye whiskey from the store owner, but that's another tale)
All of TN seemed to be out shopping on the weekend here too.

Clueless in boston said...

Wow, with such a high sales tax a tax free weekend must be a welcome relief. We're going to have one in a few weeks here in Mass. too, even though the state can't afford it and we'll have to make up the lost revenues some other way.

jill said...

Wow, almost 10%? Oregon has voted down a sales tax like a zillion times. Of course I'm sure we make up for it in state income tax, property tax, etc.

D said...

This was our tax free weekend too.
It was as crazy as Christmas shopping! But, undeterred, I spent a LOT of money. Yes, teachers need school clothes too. :)