15 states offer back-to-school tax breaks

According to an article on CNN Money, 15 states are offering “sales tax holidays” on back-to-school items for a limited time. With many of the tax holidays lasting for a three-day weekend, state governments are hoping to boost the sales for local retailers. Economists and tax experts on this strategy vary. Some say the retailers will see a jump in sales, while others caution that tax-strapped states can’t afford the revenue loss.

States participating in the tax holiday include Alabama, Connecticut, Georgia, Iowa, Louisiana, Mississippi, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Vermont and Virginia.  Read the full story here.

Source:  Sales Tax Holiday:  A Mixed Shopping Bag by Ben Rooney, CNNMoney.com staff writer


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s