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South Carolina Tax Free on Black Friday!


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Posted

Just found out that South Carolina will have a tax-free holiday on Black Friday and the Saturday following.:eyepoppin This is just so great! More money for me to spend! :D

Are you getting the tax break only on certain items? (Like the school tax break) Enjoy the break.

Posted

Yup, it's true:

 

South Carolina --Sales and Use Tax: Thanksgiving Sales Tax Holiday Explained

A release has been issued that provides detailed information on the two-day South Carolina Thanksgiving sales tax holiday that will begin 12:01 a.m. on November 24, 2006 (Friday), and end 12 midnight on November 25, 2006 (Saturday). (TAXDAY, 2006/06/13, S.20)

 

Purchases and Taxes Covered by Tax Holiday

This one-time sales tax holiday will (1) apply to the state sales and use tax, the state casual excise tax, and the Catawba Indian tribal sales tax, (2) cover all purchases except accommodations and additional guest charges, and (3) apply to purchases made by businesses, government agencies, and nonprofit organizations as well as by individuals.

 

The tax holiday will not apply to local sales and use taxes collected by the Department of Revenue on behalf of counties and school districts or to any local hospitality tax or local accommodations tax collected directly by a county or municipality.

 

Delivery, Payment, Order, and Acceptance

An item will qualify for exemption during the holiday if: (1) the item is both delivered to and paid for (cash, check, debit card, credit card, or any other binding obligation to pay) by the customer during the two days of the sales tax holiday; or (2) the item is ordered and paid for by the customer and the order is accepted by the retailer during the tax holiday for immediate shipment, even if delivery is made after the tax holiday. An order is accepted by the retailer when it has taken an action to fill the order for immediate shipment.

 

Specific Transactions

The release addresses the following transactions: delivery charges; alteration charges for clothing; sales by mail order, Internet, or similar retailers; custom or special orders; exchanges of items purchased before or during the sales tax holiday; rain checks; items placed on lay-away; items sold on a "90 days same as cash" basis; electricity and gas sales; laundry services; communication services (e.g., cable TV services and prepaid wireless calling arrangements); warranty, maintenance, and similar service contracts; and purchases of motor vehicles, motorcycles, boats, motors, and airplanes from non-retailers and retailers.

 

Subscribers to CCH Tax Research NetWork can view this release.

 

Revenue Ruling 06-7, South Carolina Department of Revenue, September 27, 2006.

Posted

If North Carolina does not offer this then I guess I might consider crossing the boarder for one of those larger purchase items. (crossing finger for laptop).

 

As of right this momemt I called my dh to tell him I am going to Gaffney Prime Outlet at midnight for some tax free shopping.

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