Since North Carolina discontinued its state-wide sales tax holiday three years ago, several Charlotte-area shopping centers are hosting a weekend of additional savings Aug. 5-7 to draw shoppers to their stores.
SouthPark, Charlotte Premium Outlets and Concord Mills will all offer extra discounts from participating stores like J. Crew and Steve Madden on back-to-school attire, accessories and more, according to a statement this week from Simon Properties, which owns the shopping centers.
Carolina Premium Outlets, another Simon mall about three hours from Charlotte, is also hosting a “Better than Tax-Free” weekend.
This is the third year North Carolina’s been without a sales tax holiday, which used to occur the first weekend of August. In 2014, retailers started offering additional discounts that weekend in order to sway shoppers from going to South Carolina, which still offers tax-free relief on back-to-school items like clothing and laptops.
South Carolina’s tax-free weekend saves customers the 6 percent state sales tax, as well as any local taxes.
North Carolina got rid of its sales tax holiday when Gov. Pat McCrory signed legislation in 2013 that also reduced corporate and personal income taxes. The N.C. Department of Revenue estimates that the tax holiday cost the state about $13.4 million in lost revenue in 2013.