TOP PHOTO: School Member Faye Heatherly (left) visits with Senator Ken Yager (right) at a gathering in 2019.
NASHVILLE, TN (WLAF) – Today, State Senator Ken Yager announced that the Tennessee General Assembly has extended the state sales tax holiday for 2020 to two weekends and increased the limits on tax-exempt items. This extension, which was included in the Fiscal Year 2020-2021 Budget, will help Tennesseans save money and support the economy.
“Many Tennesseans are facing significant economic hardship due to the effects COVID-19 has had on our economy,” said Yager. “This will help keep more money in the pockets of Tennesseans, while also supporting local businesses and jobs. I recognize, too, and appreciate the strong support from my House colleagues Representatives Kelly Keisling, John Mark Windle, Kent Calfee, Ron Travis, Dennis Powers and John Ragan for this extension. We worked together to get an additional sales tax holiday for constituents.”
Below is more information on the sales tax holiday from the Department of Revenue:
The first tax-free holiday weekend focuses on clothing and other back-to-school items. It begins at 12:01 a.m. on Friday, July 31, and ends Sunday, August 2, at 11:59 p.m. During this time, consumers may purchase clothing, school supplies, and computers and other qualifying electronic devices without paying sales tax. Certain price restrictions apply. For school supplies and clothing, the threshold for qualifying items is $200 or less. For computers and other electronics, the price threshold is $3,000 or less. Download the full list of tax-exempt items HERE.
Exempt items sold online are also eligible. Consumers must purchase items for personal use, not business or trade.
The second sales tax holiday weekend focuses on restaurant sales. It begins at 12:01 a.m. on August 7 and ends Sunday, August 9, at 11:59 p.m. During this time the retail sale of food and drink by restaurants and limited service restaurants, as defined in Tenn. Code Ann. § 57-4-102, is exempt from sales tax.
For more information about the sales tax holiday weekends, visit HERE.