Tax Free Weekend in North Carolina – August 6 – 8, 2010

Tax Free Weekend in North Carolina – August 6 – 8, 2010

Whew!  I just got back from the store and it was PACKED!  I forgot that this weekend was the Free Tax Free WeekendSales Tax Weekend in North CarolinaI survived!

What does the Tax Free Weekend mean to you?  Well, it’s the perfect time to get your “Back To School” shopping done.  Here are some of the items that you can find this weekend that are exempt from Sales Tax:

  • Clothing with a sales price of one hundred dollars ($100.00) or less per item. 
  • Sport or recreational equipment with a sales price of fifty dollars ($50.00) or less per item.  “Sport or recreational equipment” is defined as items designed for human use and worn in conjunction with an athletic or recreational activity that are not suitable for general use. The items listed below are included in the term and are therefore exempt from tax during the holiday periodif the sales price of the item is $50 or less. This list is not all-inclusive.
  • Computers with a sales price of three thousand five hundred dollars ($3,500) or less per item.  A “computer” is an electronic device that accepts information in digital or similar form and manipulates it for a result based on a sequence of instructions. For purposes of the exemption during the sales tax holiday, a computer includes a central processing unit, monitor, keyboard, mouse, and speakers since these items are deemed to be necessary in the operation of the computer. The separate sale of a monitor, keyboard, mouse, or speakers is subject to the applicable tax when the item is not sold in conjunction with a central processing unit. Peripherals are not considered part of a computer and are subject to the applicable tax notwithstanding that they may be sold with the computer as a package. Peripherals must be separately stated on the invoice and the appropriate tax charged on those items.
  • Computer supplies with a sales price of two hundred fifty dollars ($250.00) or less per item.  A “computer supply” is an item commonly used by a student in a course of study in which a computer is used. The items listed below are included in the term and are therefore exempt from tax during the holiday period if the sales price of the item is $250 or less. This list is all-inclusive.
  • School supplies with a sales price of one hundred dollars ($100.00) or less per item.  A “school supply” is an item commonly used by a student in a course of study; the term includes school art supplies and school instructional materials. The items listed below are included in the term and are therefore exempt from tax during the holiday period if the sales price of the item is $100 or less. This list is all-inclusive.
  • School instructional materials with a sales price of three hundred dollars ($300.00) or less per item.  “School instructional material” is written material commonly used by a student in a course of study as a reference and to learn the subject being taught. The term is mutually exclusive of the terms “school supply” and “computer supply.” The items listed below are included in the term and are therefore exempt from tax during the holiday period if the sales price of the item is $300 or less per item. (Prior to the 2008 holiday, these items were categorized as “school supplies” and were exempt during the holiday period if the sales price of the item was $100 or less per item.) This list is all-inclusive.

Back To School Wake Forest NCFor the complete list of what is included and what is NOT included please visit the North Carolina Department of Revenue.  Now is a great time to pick a few things up and get prepared for Back To School.

Speaking of Back To School – don’t forget to download your FREE “Back To School” guide full of all sorts of information that will be helpful for this 2010 – 2011 school year!

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