News & Observer | newsobserver.com | Tax holiday to extend savings

Published: Jul 25, 2008 02:05 PM
Modified: Jul 25, 2008 02:26 PM

Tax holiday to extend savings

 

Story Tools

Advertisements
The annual state tax holiday next weekend will allow shoppers to buy even more items, including school instructional materials with an individual price tag of up to $300, without paying sales taxes.

Previously, the individual price limit was $100.

This year's state tax holiday runs from Friday, Aug. 1, through Sunday, Aug. 3. Among the school instructional materials free of tax are reference books, maps, globes, textbooks and workbooks.

“As many families find themselves squeezed by the national economy with increasing prices for food, gasoline and other necessities, our tax holiday offers consumers a chance for some real savings,” Gov. Mike Easley said in a news release. “With all the needs the start of a new school year brings, this is a way for families to stretch their hard-earned money a bit farther and an opportunity to generate significant business for our retailers.”

During the tax holiday weekend, consumers will not pay sales tax on the following items: clothes and footwear costing less than $100 per item; school supplies such as pens, pencils, paper, notebooks, textbooks, book bags, lunch bags and calculators costing less than $100 per item; sports and recreation equipment costing $50 or less per item; computers costing less than $3,500 and computer supplies costing less that $250 per item.

An all-inclusive list of items that qualify as “school supplies” during the sales tax holiday is available at the N.C. Department of Revenue’s Web site: www.dornc.com.

All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
No comments have been posted for this story. Log in to be the first to comment.


The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

Member of the
Real Cities Network

A subsidiary of The McClatchy Company