- Days left

Black Friday gun sale: South Carolina offers two day sales tax holiday

On Black Friday, shoppers across America will set out in search of bargains on flat screen TVs, Verizon Droids, Snuggies and... guns? Only in South Carolina.

The Palmetto State is offering its residents a sales tax holiday beginning on Black Friday. For guns. It is the only two day sales tax holiday of its kind in the country.

The South Carolina Department of Revenue issued reminders earlier in the week for what has been dubbed the "Second Amendment Sales Tax Holiday for 2009."

The two day sales tax-free event begins on 12:01 a.m. on Black Friday. During the sales tax holiday, shoppers will pay no state or local sales taxes on handguns, rifles and shotguns. Generally, the statewide sales tax rate for retail sales in South Carolina is 6%. Counties may impose an additional 1% local sales tax.


Guns have to meet certain criteria to qualify for the exemption. Handguns that do not fire fixed cartridges are not included, nor are "handguns generally recognized or classified as antique, curiosity, or collector's items."

But don't plan on stuffing those stockings just yet. While handguns, rifles and shotguns qualify for the exemption, accessory items will not. Gun-related items which do not qualify for the exemption, as specifically noted by the SC DOR, include ammunition, black powder, gun barrels, holsters, lasers, locks, reloading supplies and targets.

Toy handguns, toy rifles and toy shotguns are likewise specifically not included in the sales tax holiday.

You can read the entire list of what's included -- and what's not -- here (downloads as a pdf).

The sponsor of the original version of bill is Rep. Mike Pitts, R-Greenwood. He got the idea after talking to owners of a hunting outfitters shop about the state's sales tax holiday for back-to-school supplies and clothing, held in August. The idea for a gun tax holiday bill was born "to help dealers," Rep. Pitts says. He also wanted to "bring recognition to the 2nd Amendment."

Not surprisingly, Rep. Pitts is a member of several hunting clubs, including the North American Hunting Club and Gun Owners of SC. He is also a life member of the National Rifle Association (NRA), which issued him a perfect 100 NRA Political Victory Fund Rating. The NRA is, of course, thrilled with the bill, with NRA spokeswoman Alexa Fritts saying, "It allows gun owners in tough economic times to stock up on the hunting season and holiday season.

Interestingly, embattled SC Governor Mark Sanford (R) vetoed the original version of the bill in 2008 but his veto was overridden by the legislature. The Governor was careful to explain that the veto did not diminish support of the Second Amendment but rather that he did not believe that sales tax holidays were an effective method of promoting policy.

The sales tax holiday is expected to save SC gun shoppers a collective $15,000 over the weekend. Hey, every little bit helps, right?

Increase your money and finance knowledge from home

Introduction to Retirement Funds

Target date funds help you maintain a long term portfolio.

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

TurboTax Articles

Ways To Increase Your Tax Refund You Never Thought About

Laying the groundwork for a tax refund requires some simple tax planning, a little research and some forethought. Reviewing your tax status, consulting your spouse when filling out your W-4s and taking advantage of several tax credits can help you increase your tax refund. TurboTax also can help decide which credits can get you the biggest refund.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

8 Things You Think Are Tax Deductible That Aren't

There?s a fine line between looking to save money on your taxes and taking deductions that will raise eyebrows at the Internal Revenue Service. Some taxpayers are tripped up by expenses that they assume are tax deductions, but don?t qualify under IRS guidelines. Here are a dozen items that can lead to unpleasant surprises in case of an audit.

9 Things You Didn't Know Were Tax Deductions

Few realizations are more painful than realizing that you forgot to include a tax deduction that would have lowered your tax bill or increased your tax refund on your tax return. Here are some tax deductions that you shouldn't overlook.

Add a Comment

*0 / 3000 Character Maximum