Monday, June 15, 2015

Back To School Shopping With Sales Tax Holidays

In 2005, North Little Rock voters approved a t...
In 2005, North Little Rock voters approved a two-year, one-percent sales tax for construction of the Dickey-Stephens baseball stadium on land adjacent to the Broadway Bridge. In 2007, it became the home of the Arkansas Travelers minor league baseball team affiliate of the MLB Anaheim Angels. (Photo credit: Wikipedia)
In the United States, parents of school age children know very well what that term "Back-To-School" means. This is a time during the first part of August that parents must make purchases of school supplies and clothing in order to prepare their children for school. Luckily, for those in the sixteen states that offer it, this also means special sales tax holidays to help families financially. Whether they are buying uniforms, school supplies or books, parents can take advantage of buying the items tax-free during this time. During the first weekend of August, residents in North and South Carolina, Virgina, Alabama, Florida, New Mexico, Arkansas, Louisiana, Tennessee, Iowa, Oklahoma and Missouri have this advantage. Texas and Georgia have their sales tax holidays the second weekend of August. Maryland chooses to have its holiday the entire week of August 11 through 17, while Connecticut participates the week of August 18 through 24.

Retailers often choose to include extraordinary sales during this time to increase their revenue. Parents should look at this shopping time as having the sales potential of Black Friday. This means get to the store early and be prepared.

Shopping for back-to-school items can be very costly. However, for those who are lucky enough to live in a state that has a tax holiday, the stress of spending money can be eased.

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