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Virginia's First Sales Tax HolidayJune 27, 2006Guidelines and rules for Virginia’s first sales tax holiday were published today by the Department of Taxation to provide information for both consumers and retailers. The Department also published a comprehensive list of frequently asked questions (FAQs) to show how the guidelines and rules will be applied during the sales tax holiday, to take place Aug. 4-6 this year. During the sales tax holiday, retailers will not charge the 5 percent retail sales tax on purchases of school supplies costing $20 or less per item, or clothing, including footwear, priced at $100 or less per article. All retailers who sell the exempt items must participate in the "holiday." The guidelines and FAQs are posted on the Department’s Web site at www.tax.virginia.gov/salestaxholiday. The sales tax holiday was unanimously approved by the General Assembly earlier this year. It will take place each year beginning on the first Friday of August and ending at midnight on the following Sunday. |
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