State Sales Tax Holiday Boosts Local Computer Business
One local computer store expecting a big boost in sales as a result of the weekend’s statewide sales tax holiday. President Mike Austin said his computer business generates an entire month’s worth of revenue in just two days. Austin said the state-sponsored event provides a significant financial boost to the company without the typical monthly […]
Budgets, Research Key For Tax-Free Weekend
The key to truly benefitting from the Tax Free Weekend over the next three days, creating a solid budget before going shopping. Putnam Ag Extension Director Michelle Parrott said the weekend is a great opportunity for families to save money, but it can also be a large money pitfall if people are not careful. Parrott […]
State Reimburses Cookeville, Putnam For Sales Tax Revenue
A sales tax reporting issue has been corrected and some $636,000 in revenue on the way to Putnam County from last year’s summer’s sales tax holiday. Cookeville City Manager James Mills said the Tennessee Department of Revenue reimbursed the lost money. The issue began with August tax receipts, the first month of the sales tax […]
Reporting Error Likely Cause Of Cookeville Tax Shortage
State officials trying to figure out how a reporting error could have left Cookeville’s revenues short during the summer sales tax holiday. The law eliminating the sales tax on groceries required that cities and counties not lose any revenue from the legislature’s decision. Representative Ryan Williams said Cookeville showed a shortage of some $620,000. “The […]
Sales Tax Holiday On Gun Safes, Safety Devices Underway In TN
Starting today there will be a one-year sales tax holiday for gun safes and gun safety devices. D.T. McCall & Sons owner-partner Cris McCall said he anticipates a spike in gun safe sales. McCall said when you’re taking 9.75 percent off the price of safes that can cost between $800 to $5,000 dollars, consumers see […]
Tax Holiday Benefits Local Business
With Tennessee’s Sales Tax Holiday here this weekend, many local business are preparing for increased sales. Maggie Bennett owns Ruffle Me This Children’s Boutique in Cookeville. She said she did not realize the importance of supporting local business before she came to own her own. “Shopping local is huge,” Bennett said. “It’s something I didn’t […]
