Shoppers around North Carolina will have the chance to participate in the state's tax free weekend Aug. 2-4, but it will be for the last time. As part of a tax reform measure that was recently signed into law, the event that has been in place for more than ten years will come to an end.
Sen. Jim Davis, who represents Macon County, supported most parts of Gov. Pat McCrory's budget.
“This is one of the ways that we are trying to make the tax code in North Carolina simpler,” he said. “We're just closing another loop-hole.”
Largely used by parents and students who are anticipating an upcoming school year, the sales-tax holiday allows shoppers to save money on back-to-school supplies, clothing and computers.
“We work so hard and we pay taxes for everything. This has always been such a welcomed break,” said Franklin resident Rachel Dills. “Some people may not be affected, but I'm certain that plenty of families will feel the loss of this extra money.”
Items that are exempt from sales tax are clothing, footwear and school supplies that are priced at $100 or less per item; school instructional materials of $300 or less per item; sports and recreational equipment of $50 or less per item; computers and tablets of $3,500 or less per item; and computer supplies of $250 or less per item.
In N.C., the sales tax rate is 4.75 percent and in Macon County, residents pay an extra two percent, for a total of 6.75 percent. Both taxes will be exempt during these holidays, no business is allowed to opt out.
The tax-free weekend for general items will officially begin at 12:01 a.m. on Friday and will end at 11:59 p.m. on Sunday. A full list of items that qualify for tax-free purchase can be found on the state's Department of Revenue website, www.dor.state.nc.us/taxes/sales/holiday_exempt.pdf.
Georgia's Tax Free Weekend is scheduled for Aug. 9-10,. The tax-free savings applies to clothing under $100 and footwear under $100. Items that are exempt from the taxfree savings include: jewelry, handbags, umbrellas, eyewear, watches, and more.