Sales tax holiday approachesPublished 10:21am Wednesday, July 31, 2013
Those planning on doing some back to school shopping can catch a tax break this weekend.
Alabama will be holding its eight annual sales tax holiday beginning Friday at 12:01 a.m. and ending Sunday at midnight. The holiday will waive the state’s 4 percent sales tax for purchases of items on an approved list.
Counties and municipalities had the option to waive local taxes for the weekend as well. While Tallapoosa County’s 1 percent tax rate will still be charged, Alexander City will be waiving it’s 3.5 percent local tax for eligible items.
“Parents have a lot of expenses around the start of school,” said Alexander City Council Chairman Bob Howard. “We budgeted for this so it won’t affect us much, plus it will do a lot of good for those parents with school-age children.”
Howard said Alexander City has participated in the program for many years.
“It’s a good thing and hopefully it will help people here,” Howard said. “We would also encourage anyone to buy locally this weekend to save and support a local business.”
The list of approved items includes everything from clothing, to pencils to computers.
Here is an abbreviated list of exempt items:
Clothing (including but not limited to shoes, pants, shirts and socks) priced $100 or less per item
Computers, software and supplies: must be a single purchase of $750 or less
School supplies (including but not limited to binders, book bags, pencils paper) of $50 or less per item)
School art supplies such as paints and sketch pads, limited to $50 per item
Books with a sales price of $30 or less per item
For a complete listing of exempt items, visit http://revenue.alabama.gov/salestax/STHolidayQuickRefSheet13.pdf