Thomson Reuters released its 2011 Sales Tax Holiday Report, researched by its multidisciplinary professionals in tax law, accounting and audit.
The report lists the exempt items and threshold amounts by state to help affected retailers comply with sales holiday tax breaks.
The report found that some states exempt all tangible personal property, others in hurricane areas exempt related supplies, and others exempt clothing footwear, school supplies and computers.
The report is available to non-clients, as Thomson Reuters customers’ tax breaks are integrated into the company’s indirect tax product line.
The full Sales Tax Holiday Report is available here.
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