By Scott Drenkard and Joseph Henchman
Sales tax holidays are periods of time when selected goods are exempted from state (and sometimes local) sales taxes. Such holidays have become an annual event in many states, with exemptions for such targeted products as back-to-school supplies, clothing, computers, hurricane preparedness supplies, products bearing the U.S. government’s Energy Star label, and even guns.
In 2016, 17 states will conduct sales tax holidays, down from a peak of 19 states in 2010. Georgia’s back-to-school sales tax holiday takes place July 30-31; the two-day holiday is expected to “save” Georgians up to $74.5 million
. The list of tax-exempt items is here
. It includes clothing and footwear costing $100 or less, school supplies costing…