May 29 – June 4, these qualifying items will be exempt from sales tax:
- Any reusable ice pack selling for $10 or less.
- Any portable self-powered light source selling for $20 or less: Candles, flashlights, lanterns.
- Any gas or diesel fuel tank selling for $25 or less: Includes LP (propane) gas and kerosene containers.
- Packages of batteries including rechargeable, selling for $30 or less: AA & AAA, C & D, 6-volt & 9-volt Not included: automobile and boat batteries.
- Any nonelectric food storage cooler or ice chest selling for $30 or less.
- Any portable generator used to provide light or communications or preserve food in the event of a power outage selling for $750 or less.
- Fun stuff under $50. Bungee cords, tie down kits, and ground anchor systems. Visqueen, plastic sheeting, plastic drop cloths, and other flexible waterproof sheeting. Tarps and ratchet straps. Radios: two-way radios and weather-band powered by battery, solar, or hand-crank.
Mail Order and Layaway Sales may qualify for sales tax exemption. Rain checks can be used during the sales tax holiday. Shipping and handling charges are typically part of the sales price of an item.
Exchanging a Purchase After the Sales Tax Holiday Expires June 4, 2020. If exchanged for the same item (different color, size), no tax due. If you get a store credit and get something different, sales tax is due.
Keep in mind no sales tax holiday for renting or repairing the qualifying items listed above. And no sales tax holiday for buying any of the above items at a theme park, entertainment complex, public lodging establishment, or airport.
And none of these items can be paid for with SBA PPP funds, Holiday or not!
McAtee and Associates’ Disclaimer: Our blog is intended for educational and awareness purposes. The general information provided about taxes, accounting, and business-related topics is by no means intended to provide or constitute professional advice. Reading our blog does not create a Client/CPA relationship between you and us. The blog, including all contents posted by the author(s) as well as comments posted by visitors, should not be used as a substitute for professional advice or as a substitute for communicating with a competent, human professional.
Our blog posts are written using current information and current or proposed rules and regulations. Information becomes old and outdated. Rules and regulations are frequently changed, added, amended, and/or left to expire. This is extremely true with most things tax and to a lesser and slower extent, most things accounting. We usually do not go back and update posted blogs. Always check with your CPA or accountant regarding not only rules and regulations but available options and how it all applies to your fact pattern and you.
