Some states holding tax holiday weekend for school supplies
UNDATED (AP) — Buying school gear could come with some tax savings -- if you're in one of the states offering temporary tax breaks on back-to-school purchases.
The sales tax holidays, set in 17 states, are becoming more and more popular. The president of the Alabama Retail Association, Rick Brown, says stores see an influx of shoppers during the tax-free weekend, and it is a major boost to their business.
Rules vary from state to state, but generally the breaks are limited to items such as clothing and school supplies. Some of the states with tax free holidays this weekend are Virginia, North Carolina, Florida, Oklahoma and Alabama.
<<CUT *226 (08/03/12)>> 00:16 "50 dollars each"
AP correspondent Sandy Kozel reports rules vary from state to state, but generally the tax breaks are limited to items such as clothes and school supplies.
<<CUT *225 (08/03/12)>> 00:26 "''
It's not too early to start buying school supplies --especially if you want a bit of a break on taxes. AP correspondent Sandy Kozel reports.
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