Sales Tax Savings Ahead – Sales Tax Holiday!

Posted on

By Terry Barrett, Senior Tax Manager | State and Local Tax Team

The weekend of August 5-7th will provide Virginia shoppers with an opportunity to save on sales tax on certain types of purchases.  The savings can be found on the following:

  • Back to School items, including school supplies ($20 or less per item, clothing and footwear ($100 or less per item);
  • Hurricane Emergency Preparedness items, including portable generators priced at $1,000 or less, batteries, bottled water, etc.; and
  • Certain types of energy efficient products, including qualifying Energy Star™ and Water Sense™ Items (e.g., dishwashers, clothes washers, light bulbs, shower heads, etc.).

Retailers of the above products will not be collecting the tax on qualifying sales.

In addition, other retailers may choose to participate in the holiday by paying the sales tax on any taxable items themselves and passing the savings on to their customers.  The savings extend to qualifying items purchased online, by mail order, or over the phone.

For more information see the Virginia’s Department of Taxation’s website at http://www.tax.virginia.gov/salestaxholiday.

Questions on this topic?  We can help.  Contact your Keiter representative or Email | 804.747.0000


About the Author

Terry Barrett specializes in state and local tax concerns for her clients. She has over 30 years of experience working in the public and private accounting sector. She is a graduate of Virginia Commonwealth University. You can read more of Terry’s state and local tax insights here.

More Insights from Terry Barrett, CPA

Contact

How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200

Directions