Director of the South Carolina office of the National Federation of Independent Business (NFIB) says the annual back-to-school sales tax holiday this Friday through Sunday will be a big help to small businesses struggling to recover from the recession.
J.J. Darby says he believes in the event.
NFIB was very active in lobbying for a sales tax holiday. And we represent roughly 5,000 small businesses across South Carolina, many of which are retailers. I see this as a tremendous event for them to focus on sales and bring folks in the door.
Darby says the tax holidays will get people excited and in the mood to shop.
We certainly hope that’s true. NFIB has focused for years locally and in Washington on what small business needs to navigate these difficult economic times. Our contention is that anything we can do in order to boost sales, and give retail consumers the chance to purchase things they need to but have had to wait, any incentive is an opportunity for both the consumers and retailers.
Some neighboring states including North Carolina and Tennessee will hold their tax-free weekends at the same time as South Carolina. But Georgia officials decided against the event this year. Darby says he believes South Carolina officials made the right decision.
According to the U.S. Small Business Administration, small businesses account for about 97 percent of all employers in the state and employ about half of the state’s private sector workforce.
“The bottom line is that the more we can increase consumer spending at our small businesses, the more jobs we save, and the faster our economy will recover,” Darby says.
The 11th annual tax-free weekend will give a break from the state’s sales tax on purchases of clothes, shoes, school supplies, book bags, computers and printers.