While the concept of a sales tax holiday, or a tax free weekend, is not new, it is one that can evolve and change over time. A state may have initially not had one, but implemented one within the last few years. Retailers’ tax departments must remain vigilant about applicable sales tax holidays, ensuring that they charge the correct tax every time. But how can you keep pace with something that’s always moving? Which states have a sales tax holiday?
Accurately applying sales tax before, during and after a sales tax holiday can take a lot of time, energy and resources. This can be especially tricky as local areas can send a notification of participation just days before a sales tax holiday begins.
That’s why Sovos has compiled the latest sales tax holidays for 2022, including optional and recurring ones. A mandatory holiday means local businesses must participate, versus an optional one where a local jurisdiction may choose to opt in to the holiday.
As states continue to adjust and finalize their sales tax holiday details, Sovos will update this page with the latest state requirements to help keep your organization current.
Source: SOVOS
