By Jesse Wood
July 30, 2014. This upcoming weekend will be the first one since 2002 that shoppers in North Carolina won’t enjoy the savings of the sales tales holiday, which has traditionally taken place during the first weekend in August.
The N.C. General Assembly nixed the holiday with legislation signed by Gov. Pat McCrory last summer. Lawmakers estimated that the state lost more than $13 million in tax revenue from the holiday in 2012.
The sales tax holiday has reportedly become the second biggest shopping weekend of the year behind Black Friday. In advance of the school year, customers in North Carolina saved about 7 percent on sales tax for school-related items such as clothes, computers and supplies.
The Charlotte Observer recently reported that Charlotteans were making the relatively short commute over the state border to Rock Hill, S.C. to enjoy tax savings this upcoming weekend.
While South Carolina is a rather long commute for those living in the High Country, Tennessee also has an annual sales tax holiday, according to the Tennessee Department of Revenue.
Tennessee’s holiday begins on Friday, Aug. 1, at 12:01 a.m. and ends Sunday, Aug. 3, at 11:59 p.m. Tax-exempt items include $100 or less of clothing; $100 or less on school supplies; and $1,500 or less on computers. See attached flyer.