Thursday, November 1, 2012

Tax holiday for Energy Star this weekend

Energy-efficient appliances will be sales-tax free this weekend, from Friday, Nov. 2 through Sunday, Nov. 4.

In Mecklenburg County, that means saving 7.25 percent in taxes on Energy Star-rated appliances. That equates to $72.5 on a $1,000 purchase, which isn't too shabby. The sales tax holiday covers washing machines, freezers, refrigerators, central air conditioners, room air conditioners, air-source heat pumps, ceiling fans, dehumidifiers and programmable thermostats

A few conditions to note:
  •  There is no price floor or ceiling for qualifying purchases. 
  • Appliance rentals are not covered.
  • Appliance deliveries that are delayed due to stocking issues are still covered, but not if the customer requests delayed delivery. From the Department of revenue: "An item is eligible for the exemption if the customer pays for it during the holiday period and the retailer accepts the order and takes an action to fill the order for immediate delivery."
  • Purchases by businesses aren't exempt. The sales tax holiday covers only individuals.