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Sales Tax Holiday
August 6-8, 2010!
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The sales tax holiday begins at 12:01 a.m. on Friday, August 6 and runs through
11:59 p.m. on Sunday, August 8, 2010.
NCRMA is once again offering a POSTER that provides you everything you will need to prepare you, your employees and your customers for the upcoming Sales Tax Holiday. Details of the holiday have been revised and edited by the Division of Sales and Use Tax of the North Carolina Department of Revenue, so we know the contents are both current and accurate.
During the sales tax holiday period, retail sales of specified articles of merchandise are exempt from both state and local sales and use tax. Examples of how the law applies to gift certificates, coupons, layaways, remote sales and more is also available.
If you have additional questions regarding the Sales Tax Holiday, please do not hesitate to call us at (919) 832-0811. We are happy to provide you with copies of the poster in hard copy; contact Kristin Hicks at kristinh@ncrma.org or call the number listed above.
While it may seem early to be receiving information for the August Sales Tax Holiday, many of our members have told us that they need 60-90 days notice in order to ensure that their computer equipment is accurately reprogrammed and that special purchases have been made for sale items.
Many retailers will anticipate heavy traffic and elevated sales beginning on Friday, August 6 and ending Sunday, August 8 when North Carolina celebrates its ninth Sales Tax Holiday. During this weekend, “ certain items ” are free from both state and local sales tax to help consumers with back-to-school shopping.
The North Carolina General Assembly created the first sales tax holiday in 2002 and since then has been making minor changes to the legislation that governs the three-day “holiday” from sales tax. The attached document was revised and edited by the Division of Sales and Use Tax of the North Carolina Department of Revenue, so we know it is both current and accurate information.
NOTE: There are no programmatic changes from last year's sales tax holiday weekend.
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