Sales taxes of as much as 7 percent will be taking holidays in 15 states in the coming weeks. The dropping of sales tax has become a summer tradition to spur on back-to-school shopping. Some people worried that states dealing with budget crunches might suspend the annual tax break, but it looks like the shop-a-thon is on.
The first two states hosting their sales tax holidays are Georgia (July 30 to August 2) and Mississippi (July 31 to August 1), with most other states dropping taxes over the following weekend. SmartMoney has the full list of states, dates, and restrictions—because many states have dollar caps on what consumers can buy tax-free and limitations on what can be purchased.
