Don't Forget: Tax- Free Weekend August 7 - 9, 2015

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Sales Tax Holiday/Tax-Free Weekend: August 7 - 9, 2015

Legislation enacted by the 2015 General Assembly combines Virginia’s three existing sales tax holidays into one three-day holiday beginning the first Friday in August at 12:01 a.m. and ending the following Sunday at 11:59 p.m. This year’s sales tax holiday is August 7-9, 2015.

That means that during the sales tax holiday period, consumers can purchase qualifying school supplies, clothing, footwear, hurricane and emergency preparedness items, and Energy Star and WaterSense products without paying sales tax. This includes qualifying items purchased online, by mail or over the phone.

Learn more >

New Law Regarding Sales Tax Holidays

Tax Free WeekendThanks to our friends at Retail Alliance for alerting us to the new legislation around sales tax holidays. Currently Virginia offers three “holiday “periods where certain items are tax exempt during the “holiday”.

  1. a week-long exemption in May for hurricane preparedness
  2. a three-day exemption in August for back to school, and
  3. a three-day exemption in August and a four-day exemption in October for energy saving items.

The new legislation which goes into effect July 1 will combine all three holidays into the same August weekend of each year.

For 2015 the Hurricane Preparedness Holiday that runs May 25-31 will remain in place since it occurs prior to the new legislation taking effect. The back to school and energy holidays will be combined and will run August 7-9. Beginning in 2016 all three will be combined into the first weekend in August.

For more information and details please visit the Department of Taxation’s web site: www.tax.virginia.gov.

 


Submitted by: Mike Lambert, Marketing Services Manager. With over 35 years of media experience, he is a student of advertising history.
Submitted: Aug 7, 2015

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