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Salex tax holiday August 3-5Jul 19, 2012 (The News & Observer - McClatchy-Tribune Information Services via COMTEX) -- The annual North Carolina sales tax holiday begins Friday, August 3 and runs through Sunday, August 5. Shoppers can save money on items like clothing, school supplies and computers. Clothing, footwear, and school supplies of $100 or less per item will be exempt from sales tax, as well as school instructional materials of $300 or less per item. Sports and recreational equipment of $50 or less per item will be included, as well as some electronics, including computers of $3,500 or less per item and computer supplies of $250 or less per item. Tablet computers and netbooks of $3,500 or less per item qualify, but eReaders, do not. The holiday begins at 12:01 a.m. Friday and lasts until 11:59 p.m. Sunday. Discounts from retailers' coupons are deducted from the price of an item before determining if the item is eligible for the sales tax exemption. For example, if a customer buys a dress priced at $105 and uses a retailer's coupon for a 10 percent discount. The discounted sales price of the dress is $94.50 and the dress is exempt from sales tax if purchased during the holiday. Rebates do not affect the sales price of an item for the sales tax holiday. For example, a computer priced at $4,000 with a $600 rebate is not exempt from sales taxes. The amount of the rebate is not deducted from the sales price of the computer before determining if the computer is eligible for the sales tax exemption. Items are not necessarily exempt from sales tax just because they are required by a child's school or sports team. Check the North Carolina Department of Revenue's website for a complete list of items that qualify. The first sales tax holiday was held in August 2002. ___ (c)2012 The News & Observer (Raleigh, N.C.) Visit The News & Observer (Raleigh, N.C.) at www.newsobserver.com Distributed by MCT Information Services |