Virginia sales tax holiday on track to return

[mahatmakanejeeves]

Virginia sales tax holiday on track to return Oct. 20-22

BY: NATHANIEL CLINE - SEPTEMBER 6, 2023 3:35 PM

Virginia’s sales and use tax holiday for school supplies, clothing and energy-efficient goods is on track to be reinstated Oct. 20 through Oct. 22 after the General Assembly approved amendments to the state’s two-year budget during a special session Wednesday.

The amended budget will now go for review to Gov. Glenn Youngkin, who has said one of his administration’s top priorities is to lower the cost of living for Virginians. ... Macaulay Porter, a spokeswoman for Youngkin, said the governor has “supported including the holiday in the final budget throughout this lengthy process.”

Lawmakers ended the regular legislative session in March without amending state code to extend the sales tax holiday, which expired July 1, a month shy of when Virginia has traditionally held the tax-free shopping weekend.

The amended budget passed Wednesday will authorize the state to schedule the holiday through July 1, 2025. While this year’s weekend will be in October, Virginia has typically held it in August ahead of the beginning of the school year.

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NATHANIEL CLINE
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https://twitter.com/nathanielcline

Nathaniel is an award-winning journalist who's been covering news across the country since 2007, including politics at The Loudoun Times-Mirror and The Northern Neck News in Virginia as well as sports for The Plain Dealer in Cleveland, Ohio. He has also hosted podcasts, worked as a television analyst for Spectrum Sports, and appeared as a panelist for conferences and educational programs. A graduate of Bowie State University, Nathaniel grew up in Hawaii and the United Kingdom as a military brat. Five things he must have before leaving home: his cellphone, Black Panther water bottle, hand sanitizer, wedding ring and Philadelphia Eagles keychain.

[Marcus IM]

1. Gonna cut cut cut right down to the bone.

Can't afford to live?
Tax cuts will do it.
That way there's even less revenues for help for the needy.

CONservative rule.

Brilliant. America. Brilliant.

[mahatmakanejeeves]

2. It's like this. For three days,

sales and use taxes for school supplies, clothing, and energy-efficient goods, within limits, are airbrushed right out of the picture.

First you see them. Then you don't. Let Beloved Stalin explain:



It doesn't mean I can buy a brand-new iMac and not have to pay a sales tax on the entire purchase price. The tax will be dropped up to a point. Past that point, the tax applies.

Thus the tax holiday means more to someone buying a $299 Lenovo than to someone springing for the M2 27" iMac.

The holiday also applies to thrift store purchases. You buy clothes at a thrift store during the tax holiday, and there's no sales tax on the clothes. Again, up to a point.