Sales Tax Holidays Critical to Local Businesses

Date: July 27, 2020

NFIB State Director Jim Brown says the General Assembly’s decision to add a second sales tax holiday in August gives people another opportunity to help local businesses impacted by the pandemic.

The back-to-school tax-free holiday on clothes, school supplies, and electronics will be July 31-Aug. 2. The special tax-free holiday for restaurants will be the following weekend, Aug. 7-9. Click here for more information.

“This has been a challenging spring and summer for local stores and restaurants,” Brown said. “Local merchants struggling to recover from the economic shutdown are having to send additional dollars on equipment and supplies to help protect customers and employees from the coronavirus.

“Small business is what powers Tennessee’s economy,” Brown said. “According to a study from American Express, 67 cents of every dollar spent at a small business stays in the community. It also creates an additional 50 cents in local business activity as employees and owners purchase local goods and services. 

“We believe it’s important to support local businesses throughout the year, and this year’s tax-free holidays give people an extra reason to shop for school clothes and supplies from local merchants and support local restaurants.

“When you help small businesses, you help everyone.”

Related Content: Small Business News | Taxes | Tennessee

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