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Tennessee Tax Free Weekend- August 4-6, 2006


Special Tax Alert July 31, 2006
Tennessee Tax Free Weekend - August 4-6, 2006

Beginning at 12:01am on Friday, August 4, and ending at midnight on Sunday, August 6, certain categories of otherwise taxable items can be purchased in the state of Tennessee exempt from both state and local sales tax. 

Tennessee joins many other states that offer taxpayers, and in particular parents of school children, a break in purchasing certain “back to school” related supplies, clothing, and computers. This provision was passed by the General Assembly and signed into law by Governor Phil Bredesen in 2005. 

While it offers taxpayers a great opportunity to save tax dollars on these types of seasonal purchases it is important to note that the tax exemption provided has exceptions and limitations. Generally the exemption from the tax only applies to items in certain categories selling for $100 or less or computers selling for $1,500 or less. There is however no limitation on the number of items bought with any sales tax during this period. It is also important to know that the law also applies to purchases made over the phone or internet. 

For more detailed information on the Tennessee sales tax holiday and the various exceptions and limitations you can go to the following link that the state has set up to provide this information:http://tn.gov/revenue/salestaxholiday/ 

If you have further questions or if we can be of service in anyway please feel free to contact any of us as indicated below. 

If you are interested please contact: 

Mark Loftis, Nashville 
(615) 309-2321 or mloftis@lbmc.com
Mason Barrick, Nashville
(615) 309-2204 or mbarrick@lbmc.com
Charles Johnson, Knoxville 
(865) 862-3026 or cjohnson@lbmc.com

For additional information, please contact us at:

Nashville Office 
5250 Virginia Way - PO Box 1869 - Brentwood, TN 37024-1869 - (615) 377-4600

Knoxville Office 
9125 Cross Park Drive - Knoxville, TN 37923 - (865) 694-4008

Our New Technology Offices:

Memphis Office 
6465 N. Quail Hollow Road - Suite 214 - Memphis, TN 38120 - (901) 259-9588

Birmingham Office 
2100 Southbridge Street - Suite 650 - Birmingham, AL 35209 - (205) 414-7562

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