There will be no tax-free weekend for Georgia this year. State legislators chose not to renew the Tax Free Holiday this year in an effort to reduce Georgia's large budget deficit.
Typically the tax-free weekend occurs in the late summer, in preparation for children back to school. The tax exemptions include clothing, electronics and other educational supplies. The tax break, which has been a yearly event since 2002, is said to have cost the state around $12 million in lost revenue, something they can simply no longer afford.
Some feel that abolishing the tax free weekend is in everyone's best interest, asserting that funds can be used for causes with a long-term benefit like hiring more teachers. Others feel that its better to encourage spending with local retailers while keeping some money (albeit a very small 6.5%) in consumer's pockets. What do you think?