Senator McDougle’s Annual Back-to-School Sales Tax Holiday Legislation Hits 4 Year Milestone
– Individuals and families continue to save on needed school supplies –
Richmond, Virginia – Virginia’s back-to-school sales tax holiday kicks off again for its fourth year beginning Friday, August 7 and running through Sunday August 9, 2009. With families and individuals facing such challenging economic times, this sales tax holiday is a needed relief for people who buy supplies before going back to classes.
In 2006 Senator Ryan McDougle (R-Hanover) sponsored the back-to-school sales tax holiday legislation and worked hard to successfully pass his bill through the General Assembly. Virginia residents and visitors have been benefiting from Virginia’s sales tax holiday on school related items since McDougle’s legislation passed in 2006. Examples of items that continue to result in 5% savings include school supplies valued at $20 or less per item and footwear and clothing valued at $100 or less per item/pair. A tax discount during the critical back-to-school shopping season will stimulate retail sales and contribute significantly to the Virginia economy. A list of the exempt items and guidelines for the sales tax holiday can be found at www.tax.virginia.gov.
All Virginia taxpayers can take advantage of the sales tax holiday, in addition to families with school aged children who need supplies. Retailers may also choose to absorb the sales tax on “non-exempt” merchandise. Stores that do not sell school-related items may voluntarily participate in this program. As a result of the sales tax holiday this year, it is estimated that Virginia taxpayers will save $4 million in sales tax.
“During such tough economic times, every nickel helps and I’m pleased Virginia is able to continue to offer this sales tax holiday to its citizens. The weekend has been a big success in past years and we hope everyone will take advantage of this great time to save!” said McDougle.
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