Not too early to start making tax holiday plans

The economic downturn has given an added lure to North Carolina’s annual sales tax holiday (12:01 a.m. on Friday, Aug. 7, until 11:59 p.m. on Sunday, Aug. 9, in 2009), and computer equipment retailers are cautioning customers planning to take advantage of the sales tax holiday that it may be wise planning to order equipment in advance to ensure they don’t find the cyber cupboards bare the first week of August. The tax exemption is good for computer equipment retailing for less than $3,500, so equipment just under that cap will probably be most in demand. Other back-to-school considerations in the sales tax holiday legislation are school instruction materials of less than $300; computer supplies of less than $250; school supplies of less than $100; and clothing and footwear retailing for less than $100.