2008.07.28
Expect some electronics to be tax free
Happy Monday afternoon. I'm back from vacation, and I hope your week was a good one.
I found out a few more details about Virginia's upcoming sales tax holiday this weekend, and I wanted to pass them along to you.
Wal-Mart and Circuit City are among the retailers that are planning to slash the sales tax on more than just school supplies and clothing. In Wal-Mart's Virginia stores, the retailer says it will eliminate the 5 percent tax on all electronics, such as computers, televisions, cameras and wireless devices.
Also, as in previous years, Circuit City will make every item in its Virginia stores tax free.
From Aug. 1 -3, the state is slashing the sales tax on a host of school supplies priced at $20 or less and apparel and shoes at $100 or less. It's a way to help consumers save and spend in preparation for the back-to-school season.
But retailers have the option of absorbing the sales tax on items that are not already exempt. So, be on the lookout for these kinds of savings during the weekend.
Apparently, Virginia consumers saved about $800,000 during last year's tax-free weekend at Wal-Mart and Sam's Club stores, according to Wal-Mart.
Here's a link to more info on tax-exempt items in Virginia.
