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North Carolina sales tax holiday this Aug. 5-7

Posted Thursday, July 28, 2005

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G.S. 105-164.13C provides an exemption for certain items of tangible personal property sold between 12:01 A.M. on the first Friday in August and 11:59 P.M. the following Sunday. For 2005, the dates are Friday, August 5th through Sunday, August 7th. Clothing, footwear, and school supplies of $100 or less per item; sports and recreation equipment of $50 or less per item; and computers of $3,500 or less per item will be exempt.

Clothing accessories, jewelry, cosmetics, protective equipment, wallets, furniture, items used in a trade or business, and rentals are not covered by the exemption and will be subject to the applicable tax.

There are several changes that will be effective for the 2005 holiday.

Form E-599H, North Carolina Sales Tax Holiday Exemption Certificate, is no longer required to document the sale of a computer with a sales price of $1,000 or more. For purposes of the sales tax holiday, a computer includes a central processing unit, monitor, keyboard, mouse, and speakers since those items are deemed to be necessary in the operation of the computer. If a retailer sells a computer, monitor, keyboard, mouse, speakers, printer, or other peripherals as a package, the price of the printer and peripherals must be separately stated on the invoice and tax charged on the printer and peripherals. The monitor, keyboard, mouse, and speakers are exempt when sold with the computer provided the combined sales price does not exceed $3,500.

There is now an all-inclusive list of items that qualify as “school supplies” for purposes of the holiday. This list, set out below, supersedes the list of school supplies in Technical Bulletin 34-25 revised July 1, 2004. Only the following items will be exempt from tax as school supplies during the holiday:

Binders, Book bags, Calculators, Cellophane tape, Clay and glazes, Blackboard chalk, Compasses, Composition books, Crayons Erasers, Folders (expandable, pocket, plastic, and manila), Glue, paste, and paste sticks, Handheld electronic schedulers, Highlighters, Index cards, Index card boxes, Legal pads, Lunch boxes, Markers, Notebooks Paper (loose leaf ruled notebook paper, copy paper, graph paper, tracing paper, manila paper, colored paper, poster board, and construction paper), Paints (acrylic, tempora, and oil), Paintbrushes for artwork, Pencil boxes and other school supply boxes, Pencil sharpeners, Pencils, Pens, Protractors, Reference books, Reference maps and globes, Rulers, Scissors, Sketch and drawing pads, Textbooks, Watercolors, Workbooks, Writing tablets

 
Related info:
NC Sales Tax Holiday
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Related info:
NC Sales Tax Holiday
 
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