Virginia Tax Holiday is August 3–5

Attention Virginia shoppers! Virginia will hold its second sales tax holiday August 3–5, 2007. During this three-day period, purchases of certain school supplies, clothing and footwear will be exempt from the Virginia sales tax. Each eligible school supply item must be priced at $20 or less, and each eligible article of clothing and footwear must be priced at $100 or less.

This year, the Virginia General Assembly passed legislation adding two new Virginia sales tax holidays to the calendar for consumers and retailers. The other sales tax holidays will occur on the following dates:

October 5–8, 2007: Energy Star Qualified Products. During this four-day holiday, purchases of products meeting the Energy Star qualifications, such as certain energy-efficient appliances, will be exempt from the Virginia sales tax. Eligible products must be priced at $2,500 or less for each item and purchased for noncommercial home or personal use.

May 25–31, 2008: Hurricane Preparedness Equipment. During this seven-day period, purchases of items designated by the Virginia Department of Taxation as hurricane preparedness equipment, including portable generators, will be exempt from the Virginia sales tax. Portable generators must be priced at $1,000 or less and other eligible items must be priced at $60 or less for each item.

For more information, visit the Virginia Department of Taxation Web site. Other tax-related resources can be found at VATaxHelp.com.