Sales Tax Free Weekend in Georgia
AGILE CONSULTING GROUP
The rush to shopping in stores became known to many Georgia residents as a “tax free weekend” which is a two-part holiday; the first segment typically held in the first weekend of August. As the name implies, this unofficial holiday primarily provides an exemption from
Georgia sales tax on eligible purchases. Since it targets
back-to-school shoppers , exempt items mainly consisted of school related products ranging from computer accessories to graduation caps and gowns.
As a long-time resident who grew up here, the Georgia tax-free weekend was a norm amongst most. As the Tax Foundation mentioned in their 2016 report, this holiday never attracted new shoppers, it just incentivized buyers to purchase on these set weekends out of many others. Along with that, shoppers never saw significant savings in these tax exemptions. Furthermore, the Tax Foundation also suggested that many retailers would increase purchase prices to offset the loss on sales tax, thus resulting in a minimized saving for consumers.
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