tax free shopping

Tax Free Shopping

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People in the south are celebrating a new holiday and its tax free.

Last week Arkansas shoppers braved record high temperatures to join in on the first ever tax free shopping weekend. In February the state’s lawmakers approved the holiday to give parents a tax break on their back-to-school shopping; this included savings on clothes, school supplies and uniforms.

Clancy Graham is the owner of a boutique in Arkansas and says the amount of business brought in by dropping the tax was unbelievable. Graham says their sales goal was tripled and more money was made in that one weekend than over the entire month. But while shoppers are gleefully spending the state is feeling the pinch. Officials say the tax free holiday will cost the state about $2 million in revenue.  read more »