Texas will not charge sales tax for a number of energy efficient appliances from Saturday through Monday night.
“Pretty much anything that is E-star (energy star rated) is tax free,” said Billy Mills, owner of Modern TV and Appliance in downtown Killeen. “People love to take advantage of no taxes.”
The no-tax weekend extends to items such as air conditioners, clothes washers and ceiling fans.
Mills expects his business to increase over the weekend as consumers look to save on appliances.
“I see today and tomorrow being pretty slow because people will be waiting to take advantage of the holiday,” Mills said Thursday. “The homeowners who have a closing between now and June will take advantage of the tax break this weekend.”
The tax holiday was created to promote the purchase of new appliances that will reduce energy and water consumption. Mills said a new $2,000 refrigerator placed properly in a home, not in a garage, could save a family about $200 within the first month, Mills said.
“This is a great opportunity for Texans looking for ways to stretch their family budgets,” Texas Comptroller Susan Combs said. “Shoppers can save money up front by not having to pay sales tax when buying appliances during the holiday weekend and the energy efficient products can help reduce utility bill costs.”
The comptroller’s office estimated shoppers will save about $3.8 million in state and local sales tax during the Memorial Day sales tax holiday.
Qualifying tax-exempt products
- Air conditioners priced at $6,000 or less• Refrigerators priced at $2,000 or less
- Ceiling fans
- Incandescent and fluorescent light bulbs
- Clothes washers*
- Programmable thermostats**
* Because most dryers use similar amounts of energy, ENERGY STAR does not label clothes dryers.
** ENERGY STAR specification of programmable thermostats was suspended on Dec. 31, 2009; however, any existing stock of ENERGY STAR labeled programmable thermostats offered for sale by retailers is eligible for the exemption.
Source: Comptroller’s Office of Public Accounts
Contact Mason W. Canales at â€‹email@example.com or (254) 501-7474