Tax Free Weekend begins on Friday August 7th at 12:01 and runs through Sunday August 9th, 2015.  It’s a great time to buy those back to school items. With the average family spending over $600 just to begin the school year, that’s a savings of close to $60. CoolSpring Galleria has announced extended shopping hours during the weekend.
What’s Tax Free?
Tax-free items include clothing with a price of $100 or less per item, school and school art
supplies with a price of $100 or less per item and computers with a price of $1,500 or less.
These items are exempt from state and local sales tax in Tennessee the weekend of Aug 7th.
Who Can Participate?
Any individual can make a tax-free purchase during the holiday. However, items purchased
for use by a trade or business are not exempt.
Can I Order by Mail, Telephone, E-Mail or Internet?
The holiday also includes purchases of qualified items sold via mail, telephone, e-mail or
Internet if the customer orders and pays for the item and the retailer accepts the order during
the holiday for immediate shipment, even if delivery is made after the exemption period.
What if the Item is Backlogged or on Backorder?
If a customer wishes to order a certain tax-free item during the holiday and it is not in stock,
the item remains tax-free upon delivery. In other words, backlogs and backorders outside
the buyer’s control will not affect the exempt status of tax-free items. Intentionally delayed
sales are taxable.
What if I Want to Place an Item on Layaway or Pay for an Item That is Currently On
Layaway?
Qualified items previously placed on layaway are exempt when the final payment is made
during the holiday. Items are also exempt if placed on layaway during the holiday and the
final payment is made after the exemption period.
