Virginians will celebrate their annual “sales tax holiday” this weekend—August 7 through August 9. On these three days, the state’s 5 percent sales tax will be exempted from school supplies, clothing, and footwear. Each eligible school supply item must be priced at $20 or less, and each eligible article of clothing and footwear must be priced at $100 or less. Many other states in addition to Virginia will also have sales tax holidays this year during the “back to school” shopping period. The idea is to lower the cost for …
