There's some excitement about the sales tax holiday passed by the legislature this year. What isn't really getting out is that the holiday doesn't take effect until NEXT year, August 2006. :-(
Here's the best article so far on the subject from the Shelbyville Times-Gazette:
Sales tax holiday -- a year from nowFriday, July 22, 2005
There's good news and bad news. The good news is that Tennessee will be getting a sales tax holiday in early August.
The bad news is that it won't happen until next year.
Earlier this year, the Tennessee General Assembly passed Public Chapter 398 which established an annual sales tax holiday beginning in August 2006.
The holiday will start each year at 12:01 a.m. on the first Friday in August and ends at 11:59 p.m. on the following Sunday.
During the holiday, clothing with a price of $100 or less per item, school supplies with a price of $100 or less per item; and computers for less than $1,500 are exempt from sales and use tax.
There are a lot more details in the article to include definitions of what is and isn't included and layaway policies . I suggest reading the entire thing.