July 23, 2012
The Commonwealth’s seventh annual back-to-school Sales Tax Holiday returns in August.
During this three-day event, which begins Friday, Aug. 3, and runs through Sunday, Aug. 5, most school supplies costing $20 or less each and clothing items and footwear priced at $100 or less each will be exempt from Virginia’s five percent state and local sales tax.
The list of tax-exempt items is the same as last year and includes such products as pens, pencils, loose leaf ruled notebook paper, scissors, binders, backpacks, construction paper, sneakers, dresses, jeans and T-shirts.
For more, click here.
As long as each item purchased qualifies for the exemption, there is no limit on the number of items you can buy. During this sales tax holiday, retailers may also choose to save taxpayers even more by absorbing the sales tax, or paying it themselves, on items that are not eligible for exemption. The retailers must then pay the sales tax themselves on such sales.
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