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Are tax-free weekends on their way out in North Carolina?

Posted By KATE STANTON, UPI.com   |   July 17, 2013 at 8:05 PM   |   Comments

July 17 (UPI) -- Alabama, Florida, Georgia, Iowa and a host of other states hold tax-free shopping weekends, which temporarily exempt customers from paying taxes on certain items, from clothing to school supplies.

Most tax-free weekends take place in early August, and are often the biggest shopping days of the year behind Black Friday and Christmas.

But North Carolinians could be celebrating their last tax holiday this year, if Gov. Pat McCrory sign's the state's new tax reform package into law.

According to WNCN, part of the Tax Reduction Act calls for an end to the annual back-to-school tax holiday, usually August 2 to August 4, starting next year.

Though North Carolina shoppers save about $8 for every $100 spent on tax-free items, state Senator Phil Berger said that the reforms introduced by the Act will do more for residents' pockets than any weekend-long tax holidays.

"Our plan reduces the state personal income tax significantly, which means everyone will have more money in their pockets day-to-day," Berger's office said in a statement.

The North Carolina Retail Merchants Association argued that tax holidays promote retail sales and employment.

For more information on tax-free weekends in a state near you, visit about.com or the Federation of Tax Administrators.

Follow @KateStan and @UPI on Twitter.
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