RICHMOND, Va. (AP) — Virginia is holding its fourth annual tax holiday on energy-efficient products.
Gov. Bob McDonnell said Monday the tax holiday will begin on Oct. 8 and run through Oct. 11.
During that time, residential consumers can save money by buying sales-tax exempt items like heat pumps, dishwashers, washing machines, insulation, toilets and showerheads. Other products include air conditioners, refrigerators, ceiling fans, compact fluorescent light bulbs, programmable thermostats and faucets.
New and used items must be priced at $2,500 or less and certified as being energy efficient with the Energy Star and WaterSense designations.
Online purchases also will be exempt from the 5 percent sales tax if the orders are placed during the tax holiday and the sellers have the items available for immediate shipment.
The governor’s office says some retailers also may choose to pay the tax on any nonexempt merchandise.
October 8-11. That is a mighty small window of opportunity. I think that having a tax moratorium on energy savers is an excellent idea. I would like to see the time frame last at least a week. There is also the matter of the merchant having the item in stock for immediate shipment. I can see room for bait and switch in this model. Also, are there incentives for merchants to pay the sales tax for the customer?
But over-all, good for Virginia for holding its 4th annual tax holiday. Perhaps next year that small window of opportunity will open up a bit more. Perhaps Virginia might also consider a spring and fall moratorium.
