Tax holiday - wikipedia Tax holiday Not to be confused with Legal holidays by state Taxation An aspect of fiscal policy Policies Government revenue Tax revenue Non-tax revenue Tax law Tax bracket Tax threshold Exemption Credit Deduction Tax shift Tax cut Tax holiday Tax advantage Tax incentive Tax reform Tax harmonization Tax competition Double taxation Representation Unions Medical savings account Tax, tariff and trade Economics Price effect Excess burden Tax incidence Laffer curve Optimal tax Theory Optimal capital income taxation Collection Revenue service Revenue stamp Tax assessment Taxable income Tax lien Tax refund Tax shield Tax residence Tax preparation Tax investigation Tax shelter Private tax collection Tax farming Noncompliance Tax avoidance Tax evasion Tax resistance Tax haven Smuggling Black market Transfer mispricing Unreported employment Tax shelter Distribution Tax rate Progressive Regressive Proportional Types Direct Indirect Per unit Ad valorem In rem Capital gains Carbon Consumption Dividend Ecotax Excise Fuel Georgist Gift Gross receipts Income Inheritance ( estate ) Land value Payroll Pigovian Property Sales Sin Single Stamp Steering Turnover Value - added ( VAT ) Corporate profit Excess profits Windfall profits Negative ( income ) Flat Wealth International Financial transaction tax Currency transaction tax Tobin tax Spahn tax Tax equalization Tax treaty Permanent establishment Transfer pricing European Union FTT Foreign revenue rule Trade Custom Duty Tariff Import Export Tariff war Free trade Free trade zone Trade agreement Religious Church tax Eight per thousand Teind Tithe Fiscus Judaicus Leibzoll Temple tax Tolerance tax Jizya Kharaj Khums Nisab Zakat By country List of countries by tax rates Tax revenues as % GDP Albania Algeria Argentina Australia Azerbaijan Bangladesh Bhutan Bulgaria BVI Canada China Colombia Denmark France Germany Greece Iceland India Indonesia Iran Ireland Israel Italy Japan Kazakhstan Lithuania Malta Namibia Netherlands New Zealand Norway Pakistan Palestine Peru Philippines Poland Russia Singapore South Africa Sweden Switzerland Taiwan Tanzania United Kingdom United States Uruguay The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( December 2010 ) A tax holiday is a temporary reduction or elimination of a tax. It is synonymous with tax abatement, tax subsidy or tax reduction. Governments usually create tax holidays as incentives for business investment. Tax holidays have been granted by governments at national, sub-national, and local levels, and have included income, property, sales, VAT, and other taxes. Some tax holidays are extra-statutory concessions, where governing bodies grant a reduction in tax that is not necessarily authorized within the law. In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting foreign direct investment or stimulating growth in selected industries. A tax holiday may be granted to particular activities, in particular to develop a given area of business, or to particular taxpayers. Researchers found that on sales tax holidays, households increase the quantities of clothing and shoes bought by over 49 % and 45 %, respectively, relative to what they buy on average. Sales tax holidays in the United states In New York, a statewide sales tax holiday was first enacted by the New York legislature in 1996, enabling the first tax - free week in January 1997. Local governments in New York were given the option of whether or not to participate ; most declined. Since then, the initiative has been adopted by thirteen states. It commonly takes the form of tax - free weekend lasting Friday through Sunday, usually during a major shopping period for necessities, such as just before school starts. During that period, sales tax is not collected on selected items, such as clothing and school supplies. The items subject to the sales tax exemption may also be restricted by price ( e.g., clothing up to $100 ), but consumers are free to buy unlimited quantities of the included items. As with other sales taxes, visiting residents of non-participating states who purchase tax - free goods ( holiday or not ) may still have to pay use tax on the goods they take home. State ( Or Capital ) Items Included Period Days Alabama clothing, computers, school supplies, books 1st weekend in August Arkansas clothing, school supplies, books 1st weekend in August Connecticut clothing 3rd week in August 7 District of Columbia Repealed Florida clothing, school supplies, books 2nd week in August Georgia clothing, school supplies, computers 1st weekend of August : REPEALED FOR 2017 Iowa clothing 1st weekend of August Louisiana all TPP - $2,500, hurricane preparedness items - $1,500, firearms, ammunition and hunting supplies 1st weekend of September Massachusetts Ended in 2016 2nd weekend of August Maryland clothing & footwear August 14 -- 20 7 Energy star products Feb. 19 - 21, 2011 Missouri clothing, school supplies, computers 1st weekend in August New Mexico clothing, school supplies, computers 1st weekend of August North Carolina Repealed as of July 1, 2014 Oklahoma clothing 1st weekend of August South Carolina clothing, school supplies, computers 1st weekend of August Tennessee clothing, school supplies, computers 1st weekend of August Texas clothing, diapers, backpacks, school supplies 3rd weekend of August Virginia clothing, school supplies, green appliances, hurricane preparedness items May, August, October Five US states ( Alaska, Delaware, Montana, New Hampshire, and Oregon ) do not impose general sales taxes at all but may have excise taxes on specific categories of goods such as gasoline, E911, cigarettes, alcohol, or meals. See Sales taxes in the United States for details. Some governments create tax - free weekends as incentives for business investment. References Jump up ^ For example, Indonesian tax holidays for certain investments. Jump up ^ For example, New Jersey 's Urban Enterprise Zones. Jump up ^ For example, New York City property tax reduction programs. Jump up ^ Federal Reserve Bank of Chicago, The Effect of Sales Tax Holidays on Household Consumption Patterns, July 2010 Jump up ^ http://www.ncsl.org/programs/pubs/1011tax.htm Jump up ^ ( 1 ) Jump up ^ ( 2 ) Jump up ^ ( 3 ) Jump up ^ ( 4 ) Jump up ^ `` Shop Maryland - the state 's tax free week ''. Retrieved 2011 - 08 - 08. Jump up ^ `` Back to School Sales Tax Holiday ''. MO.gov Website. Retrieved 31 July 2011. Jump up ^ `` Sales Tax Holiday ( Sales Tax Holiday 98 - 490 ) ''. Texas Comptroller of Public Accounts. Retrieved 2007 - 08 - 18. External links 2008 State Sales Tax Holidays - Federation of Tax Administrators http://www.window.state.tx.us/taxinfo/taxpubs/tx98_490/tx98_490.html Sales Tax Holiday Tax Free Weekend Alabama Connecticut District of Columbia Georgia Iowa Louisiana Missouri New Mexico North Carolina Oklahoma South Carolina Tennessee Texas Vermont Virginia West Virginia Retrieved from `` https://en.wikipedia.org/w/index.php?title=Tax_holiday&oldid=791024587 '' Categories : Tax and fiscal policy Hidden categories : Articles with limited geographic scope from December 2010 Talk About Wikipedia Čeština Türkçe Edit links This page was last edited on 17 July 2017, at 17 : 02. About Wikipedia

Question: what does south carolina tax free weekend include
Answer: clothing