August 3, 2007
Local retailers are ready for what could be one of the busiest shopping weekends of the year. Shoppers are taking advantage of the three-day tax-free holiday.
“My grandparents said they were going to take me on a shopping spree so I said ‘okay, no problem’,” said 16 year-old Keicon Cherry.
Cherry's family is taking advantage of the no tax weekend.
“I'm getting a lot of clothes and it’s cheap. Save a lot of money,” said Cherry.
But just how much money is he saving? “Maybe $30 or $40,” Cherry estimates.
“They are getting sales and no taxes. The government is helping them out a little bit,” said JC Penny Manager Karen Rogers.
The sales tax holiday applies to most school supplies under $20 and to footwear and clothing under $100 for each item.
JC Penny says they’re expecting 300 tax-free shoppers Friday and at least 700 more on Saturday. “Today and tomorrow will be as big as the two days after Thanksgiving,” said Rogers.
And you don't have to be a student to take advantage of the no sales tax. Everyone is eligible.
Some retailers are even opting to pay the sales tax themselves on any non-exempt items like computers and TVs through the weekend.
It’s a bargain most shoppers won't be able to pass up, especially when the savings far out pass their expectations.
“$698 dollars [referring to how much he saved] from $30 and $40; that is a lot,” said Cherry.
Of course, those numbers are not just the sales tax, but the sale price on those items.
The state is estimating shoppers across the Commonwealth will save a total of $3.8 million in taxes this weekend.
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