State Sales Tax Holidays Are Coming Soon

Another holiday?! You don't have to worry about giving your employees the day off for this one; in fact, you will need them. State sales tax holidays are usually run in late summer, before school starts. The "holiday" is from state sales taxes on specific items. If you sell these items, and your business is open during the holiday dates, your state requires you to omit sales taxes on any sales during these dates.

A list of state sales tax holidays reveals most are in late July or early August. These holidays are used to encourage people to buy school supplies, school clothing and shoes, and computers.

Other states have sales tax holidays for other purposes:

• Energy products: Texas, Virginia, West Virginia, Missouri and Georgia
  
• Hurricane preparedness products: Virginia and Louisiana in May each year, before the start of hurricane season.

  If you need more information, contact your state department of revenue

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