A tax-free weekend spending spree
Thirteen states and the District of Columbia offer sales-tax holidays this year -- most falling on this weekend. Merchants hope it's like the day after Thanksgiving … in August.
Merchants nationwide are planning special promotions and longer hours this weekend, a bid to lure customers into a shopping spree like the day after Thanksgiving.
Thirteen states and Washington, D.C., have sales-tax holidays pegged to back-to-school shopping. That could help soften the blow on families with school-age children, which will spend an average of $527 on back-to-school items this year, according to the National Retail Federation.
Tax holidays are new in Tennessee, Alabama and Virginia, and Maryland is offering a tax break for the first time since 2001.
Other sales-tax holiday states are Connecticut, Florida, Georgia, Iowa, Missouri, New Mexico, North Carolina, South Carolina and Texas. New York, the first state to offer a sales-tax holiday in 1997, ultimately made a sales tax exemption on clothing and shoes under $110 permanent in April.