Future Sales Tax Holidays Nixed

By Kleinheider Posted on May 15, 2008 at 10:47 am

From the Times Free Press:

Tennessee shoppers won’t get another sales-tax holiday next spring as state officials try to cope with the biggest drop in sales-tax collections in a half century.

Gov. Phil Bredesen said Tuesday he must budget with less state money this year after sales tax holidays last August and in April cost the state as much as $20 million in an already-tough budget year. April’s sales tax collections were the lowest in 47 years, state officials said.

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