During West Virginia’s annual Tax Free Weekend, customers can buy specific items without paying sales tax. The purpose of the sale, which typically occurs the first weekend in August, is to assist people and families in saving money on apparel and back-to-school necessities.
Shoppers are excused from paying sales tax on clothes and footwear goods that cost $125 or less each during Tax Free Weekend. Shoes, boots, dresses, pants, and shirts all fall under this category. Additionally, customers can buy school supplies, such as notebooks, pencils, backpacks, and more, for $50 or less per item.
Shoppers who want to benefit from the tax-free weekend should be aware that not all things are included. For instance, merchandise that costs more than the allotted amounts, such as jewelry and electronics, is still liable to sales tax. Additionally, the tax exemption does not apply to services like dining out, hotel stays, or car rentals.
Businesses must open a sales and use tax account with the West Virginia State Tax Department in order to take part in Tax Free Weekend. Businesses must obtain a West Virginia Resale Certificate in order to accomplish this, which can be done online or by mail. The certificate enables enterprises to take part in tax-free activities like Tax Free Weekend and purchase goods for resale without having to pay sales tax.
Businesses must submit an application and present documentation of their registration, such as a business license or tax ID number, in order to receive a West Virginia Resale Certificate. The certificate can be renewed online or by mail, and it is good for three years.
In conclusion, West Virginia’s Tax Free Weekend is a fantastic chance to save money on back-to-school purchases and other essentials. Customers should plan their purchasing carefully and be aware of the exact things that qualify for the tax exemption. Businesses should open a sales and use tax account and receive a West Virginia Resale Certificate if they want to take part in Tax Free Weekend. Everyone can benefit from this yearly event and reap considerable discounts with a little advance planning.