Tennessee sales tax

Sergey Ryzhov, 123RF STOCK PHOTO

A bill proposed in Tennessee's legislature would create a sales tax holiday for guns and ammunition.

Tennesseans Prepare for Sales Tax-Free Weekend

Aug 1, 2013

Tennessee's seventh annual sales tax holiday is this weekend. 

The holiday is intended to lessen school shopping expenses. The state Department of Revenue estimates this year's sales tax holiday will save Tennessee consumers some eight to ten million dollars. 


A tax expert is warning state officials that Tennessee would be among the hardest-hit states if federal officials don't resolve the so-called fiscal cliff. Dr. Stan Chervin says states like Tennessee that depend heavily on sales taxes for revenue would feel the most stress if tax breaks are not extended. The Chattanooga Times Free Press reports Chervin is a senior research consultant with the state Advisory Commission on Intergovernmental Relation.