The holidays come as restaurants and retailers are struggling with rising prices and higher fuel prices
NFIB State Director Jim Brown says Tennessee’s upcoming tax holidays on school supplies and food and food ingredients are a chance for people to support local businesses still reeling from a series of economic setbacks that began with the COVID-19 pandemic in 2020.
This year’s back-to-school tax holiday is July 29-31. The food tax holiday begins on Aug. 1 and runs through Aug. 31.
“These tax holidays are designed to help Tennessee families struggling with inflation and higher fuel costs, but they’re also going to make a difference to small, independent shops and restaurants,” Brown said.
“Small businesses have endured a pandemic, supply chain and labor issues, and rising prices on everything from gasoline to grocery bags,” Brown said. “By shopping local during these tax holidays, we can repay the small businesses that remained open and provided us with the goods and services we needed despite the many obstacles.”
Small business owners surveyed for NFIB’s latest Small Business Economic Trends report ranked inflation as the No. 1 issue affecting their business, followed by quality of labor.
For a list of participating counties and municipalities and other details, visit https://www.tn.gov/revenue/taxes/sales-and-use-tax/sales-tax-holiday.html.