The General Assembly passed the 2020-21 fiscal budget last Friday and there’s an Easter egg in it for residents … not one but two sales tax weekends this year. The traditional sales tax weekend for clothing, school supplies, and computers will take place this weekend, July 31 through August 2. A second sales tax free weekend for restaurants will take place on August 7-9.
The state also increased the price limits on eligible individual items to up to $200 for clothes and school supplies and up to $3,000 for computers and televisions. In 2021, the sales tax holiday eligible items will return to $100 and $1,500 limits, according to the Department of Revenue.
Previously lawmakers had discussed doing away with Tennessee’s annual sales tax holiday due to budget concerns, but decided to keep it based on some retailer numbers being down due to the pandemic.
For a complete list of exempt items, click here. •
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