Sales Tax Holidays

[00:00:06] Speaker A: Good afternoon, everyone, and welcome to taxing poetic, brought to you by Synexis tax solutions. My name is Timothy Howe, along with my co host, I'm Jenny Carter. Hey, Jenny, great to see you. We're working remote today thanks to our awesome producer JB, hooking us up. [00:00:19] Speaker B: Yep. How's it going? [00:00:20] Speaker C: Yeah, great. [00:00:22] Speaker B: Yeah. [00:00:22] Speaker C: Welcome to my. [00:00:23] Speaker B: What time. People were listening to this podcast, too. Good afternoon. [00:00:28] Speaker A: Good afternoon. [00:00:28] Speaker B: Good morning. [00:00:29] Speaker A: Whatever. Yeah. I mean, if you're in the UK, it's probably drinking time right about now. Congratulations. Go crack a pint. Yeah. And then, actually, in three days, we're going to be celebrating our liberation from the wonderful people in the UK. So it's going to be awesome. We still love you. But, hey, you know what? [00:00:45] Speaker C: They blew a 13 colony lead. [00:00:50] Speaker B: And. [00:00:50] Speaker A: We beat them by 37. [00:00:52] Speaker B: Smoked them, too. They had us in the first half, not gonna lie. [00:00:56] Speaker C: That's right. [00:00:58] Speaker A: You really did instill these tartes. Started taxing tea and passing stamp acts and all that other fun stuff, so. Yeah, I know. [00:01:05] Speaker C: It all comes back to taxes, doesn't it? [00:01:07] Speaker A: That's exactly it, man. No taxation without representation. Gotta love it. [00:01:10] Speaker C: That's right. That's right. So happy birthday, America. [00:01:13] Speaker A: Happy birthday, America. Well, congratulations, Jenny. I think you're gonna kick us off with a haiku, as always. So you want to hook us up? [00:01:19] Speaker C: Yes, I'm ready. You guys ready? [00:01:21] Speaker A: Awesome. I'm ready. I think I'm ready. [00:01:23] Speaker C: All right. Sales tax holidays. I think it means paid time off, asking for a friend. [00:01:34] Speaker A: So, sales tax holidays, getting better by their episode. I'm telling you, man, they really are. [00:01:39] Speaker B: They're just. They're always, like, really succinct. They get just, like. They're always really good. Yeah. [00:01:43] Speaker A: How many. How many times did it take for you to write that down? Like, did you come up with that on your first charge? [00:01:48] Speaker C: Oh, yeah, no, it took me, like, 90 seconds, I think. [00:01:52] Speaker B: I mean, there's been some. When she does it, right, the episode, she's like, oh, wait, I forgot a haiku. And then she just writes it. [00:01:57] Speaker A: Yeah, she just crushes it. [00:01:59] Speaker C: Yeah, I know. I know. I'm just a savant. A haiku savant. [00:02:03] Speaker A: You are absolutely a savant. Okay, so we're speaking of savants. I guess we're onto quiz time, right? [00:02:10] Speaker B: Yes. Quiz time. We're doing it early just in case so nobody steps on any answers. This one is brought to you 100% by Donna McMurray. [00:02:18] Speaker A: Thank you, Donna. Donna's grab bag. [00:02:20] Speaker B: Donna's grab bag of quizzes. So I. I'm just going to guess. The first question is for Tim. Oh, and if you're keeping track at home, Jenny is currently winning nine and a half to seven. [00:02:32] Speaker C: I'm keeping track, but I'm down and not out. [00:02:35] Speaker B: Okay, down but not out. A lot of ball game left. It's only July. [00:02:39] Speaker C: A lot of the season is still young. [00:02:41] Speaker A: That's exactly right. Unlike you, Tim, it's a marathon. Hey, easy. Oh, Charlie. [00:02:47] Speaker B: Cheap shots and all that tax. [00:02:49] Speaker C: Personally, I know we're this. We're the same age, so, you know. [00:02:53] Speaker B: Amazing. Right back at it. Tax holiday quiz. What year was the very first sales tax holiday? [00:03:03] Speaker A: Oh, my gosh. [00:03:04] Speaker C: I have that in my notes here. If you had done your. Your episode prep, you'd have it. [00:03:09] Speaker B: Please. I love it. [00:03:11] Speaker A: I'm gonna say 1941. [00:03:15] Speaker B: No, Jenny. What is it? [00:03:16] Speaker C: 1997. [00:03:18] Speaker A: Whoa. [00:03:19] Speaker B: Sure isn't. It's 1980. [00:03:22] Speaker C: Oh, really? My notes in 1997. [00:03:24] Speaker B: Your notes are wrong. The notion of the holiday was first introduced in 1980 when Ohio and Michigan opted to not tax the sale of automobiles for a little bit of time. And then New York experimented with the concept of sales tax holidays in 1996. [00:03:38] Speaker C: Okay. [00:03:39] Speaker B: But they don't do it anymore. New York's like, no, we're out. [00:03:43] Speaker C: I like that. Tim just went for, like, 1941 when we didn't really even have sales tax. [00:03:48] Speaker B: I mean, we were so busy then. We were. [00:03:51] Speaker A: I know we were too busy as. [00:03:53] Speaker B: A country to be worried about how much we're paying taxes on. [00:03:55] Speaker A: Get rid of it. There was somebody who had sales tax back then. I think it was West Virginia, right? [00:04:00] Speaker C: Yeah, exactly. I love it. It's like, no, there were sales tax holidays every day for everyone back then. [00:04:05] Speaker B: Because there was by government bonds. So, Tim, you're not gonna like that. We have bitten ourselves by having an explanation. And now Jenny has a toss up. But does she remember what I said? Okay, which states started the first sales tax? [00:04:23] Speaker C: I think that would be Ohio and Michigan. Yes. Thank you, JB and Donna. [00:04:31] Speaker A: That's brutal. [00:04:31] Speaker B: That's on me. I owe Tim a point here. [00:04:35] Speaker A: It kind of goes to soccer since, you know, I've been watching, like, a lot of the, you know, Euro cup and copa, you know, America or whatever it is. And the fact is, is that. That's an own goal, dude. Okay? As an old goal, you literally just score. You just scored an own goal. What items. [00:04:51] Speaker B: What items did the tax holiday apply for? [00:04:54] Speaker A: Was that to me? [00:04:55] Speaker C: That's to me. [00:04:56] Speaker A: No, that's a automobiles automobile. [00:05:00] Speaker B: Boom. I gotta stop talking in the quiz. That's what I've that's what we've learned here. So congratulations to free points. [00:05:08] Speaker C: You just have so much natural curiosity. [00:05:12] Speaker B: Okay, Jenny, which state had the first sales tax holiday on clothes? [00:05:18] Speaker C: That I'm gonna say is New York. [00:05:20] Speaker B: It is New York. Yes. [00:05:22] Speaker A: They got a weird clothing. Yeah. [00:05:23] Speaker C: Yep. [00:05:26] Speaker B: Tim, what year did that take place? [00:05:28] Speaker A: 1997. Thanks, Jenny. [00:05:33] Speaker C: You're a. [00:05:34] Speaker B: We have got. She's. So this is the. Definitely this quiz in particular. This is the one that's the most connected all the way through. You know, it's like a couple. It's focusing on some things, but yes. So you guys are technically killing it. [00:05:48] Speaker C: Crushing it. Yes. [00:05:49] Speaker B: All right, Jenny, name two types of sales tax holiday. Meaning like to what items they might apply to. [00:05:56] Speaker C: Oh, well, let's. Obviously, we can do clothes and we can do automobiles. [00:06:03] Speaker B: They've got like. [00:06:04] Speaker A: Nah, there was more. [00:06:05] Speaker B: Yeah, I'm gonna let him a point. [00:06:09] Speaker A: Hurricane and emergency preparedness items. And like schools. School. School items and school supplies. [00:06:15] Speaker C: Oh, I see. Types of not specific items. Okay. I feel like the question was flawed. [00:06:20] Speaker B: Do you know? [00:06:21] Speaker A: Watch. [00:06:22] Speaker B: Oh, no. Tim got it right. And what else? [00:06:25] Speaker C: Well, because you said no, but then. [00:06:28] Speaker B: He knew what those. But they had. Yeah. The ones that we have is back to school. Second amendment, emergency and weather preparedness and energy efficient appliances. [00:06:37] Speaker A: Oh, energy efficient appliances. Yeah. Like windows and doors and freaking Washington. [00:06:42] Speaker C: Refrigerators. [00:06:43] Speaker A: Refrigerators. Tvs were always a big question with that. That's why they put the energy compliant thing on there. Kind of interesting. [00:06:50] Speaker B: Okay, so I'm fine. [00:06:51] Speaker C: I'm fine. To give Tim a point, he. You know, we might as well make this close. [00:06:56] Speaker B: Let's see. 123456. No, that was it. Tim gets three points. Jenny gets two. So that. That is Jenny at eleven and a half. Tim at ten. Ballgame. [00:07:07] Speaker C: Yes. We do extra innings. All right. I'm glad to hear I'm still in the lead. The race is tightening up. But you know, Tim, there's always the next show, right? [00:07:18] Speaker A: So I'm coming for you. Watch out. It's tightening up JB softballs. That'd be awesome. [00:07:24] Speaker B: Well, I keep giving you guys the answers when I'm just. Instead of just reading the quiz like Donna asked me to do. [00:07:30] Speaker A: Yeah, I guess more than a softball be considered like a meatball. So. Thanks, man. Thanks for throwing that out. [00:07:35] Speaker B: Put it up on it. [00:07:35] Speaker C: I know one of our mottos. One of our mottos is states do better. It's like we just need to do better. Just be better. Yeah. Okay. So yes, I guess you can debate when sales tax holidays started. Some say 1980. JB. Some say 1997. Jenny. But in all honesty, all joking aside, it sounds like they started in 1980 just with some different ideas. [00:07:59] Speaker A: And for the most part, everybody should pay sales tax. There shouldn't be a holiday, aka Tim, so. [00:08:06] Speaker C: Well, Tim, and that's why, I mean, we're sales, sex holidays are politically motivated. So, you know, they sound like a great idea when you're running for office, you know, because consumers like sales tax holidays, obviously, and there are pros and cons to them, which we'll discuss. The Ohio Michigan one we referenced earlier about automobiles was to help revive the auto, automobile industry, isn't that right? I think we talked about that in a previous podcast. In those states they were experiencing, think. [00:08:33] Speaker A: About two of the largest automotive states back in the late seventies, early eighties, and we just got decimated by the fuel crisis. Right. So during the political era and, you know, just the issues that we were having with OPEC and everything back in the day and oil production, gas prices went through the roof and the automobile industry suffered greatly. So they thought it would be a great idea to obviously relinquish attacks for a little bit of time on automobiles and try to stimulate growth. Right. Try to stimulate some additional purchases of automobiles by doing that. [00:09:03] Speaker C: Yes. And then back then, you know, I think everything was automated or not automated manual. I mean, Tim, you were back around those days in the eighties, right, doing sales tax. [00:09:11] Speaker A: I was riding big wheels at the time, so no sales tax was a fleeting thought in my mind. But, but all the points that you mentioned were very correct. It was extremely manual. Probably was a little bit easier to do because everybody was doing it via, you know, maybe pen and paper, calculator, something like that at the time. So the fact is, is that, you know, nowadays with POS systems, that's one of the biggest problems that we have is trying to program these POS systems to adequately manage your sales tax holidays and take care of those. And we've heard horror stories from certain retailers out in the marketplace that it's very difficult from an administration standpoint. It's difficult from a compliance standpoint, right? [00:09:50] Speaker C: Absolutely. [00:09:51] Speaker A: You have certain days that these holidays are, you know, on. Sometimes these states love to do it just on weekends. Like, it's weird how they figure out, like how these, you know, sales tax holidays are supposed to apply. It's kind of interesting, but at the end of the day, it makes our administration and compliance a little bit more difficult. So, like, if you look at Florida, you know, July 1 through July 31, Florida, you can go out and buy a lot of things that are for outdoor activities and get, you know, free or tax free admissions to, like, live events and state parks and a bunch of other things. At the end of the day, like, it's really difficult when you look at their flyer, if you pull up the PDF for it, there's a lot of items in their specific dollar thresholds for these items, and there's specific descriptions for them. So a retailer had to go through skus and their categorizations and identify what categories of items would be exempt in Florida and also what dollar thresholds would be exempt. So if you're selling a bicycle that's greater than the dollar threshold, it's not going to be exempt? Or does Florida say, hey, the first $250 are exempt and then anything above that? But if you look at the way that the flyer reads your bike and anything else has to be under, I think it's like $250. Um, you know, it's. But it's a very interesting approach to a sales tax holiday and literally makes Tim GPT's fuse want to pop when you have to think about an administration of it. [00:11:07] Speaker C: I think this is a classic example of this flyer. Uh, to your point, you know, dollar 35 or less for pool floats and play inflatable chairs, pool toys, you know, like, so if I'm buying a pool float, that's dollar 40, it's not considered, you know, it won't be taxed. Sales tax exempt. It sounds probably pretty cool and sexy and fun for a politician who's trying to pass this and for a retailer. You know, retailers and politicians love sales tax holidays, right? That's who loves sales tax holidays. The retailers, for the most part, at least on the front store end, they get a lot of foot traffic. [00:11:42] Speaker A: But again, anybody who's in the administration and accounting side, they're all literally pulling their hair out, right? And so it's, I mean, it's really crazy. What happens if you run sales during that time. Do you imagine, like, okay, well, I got to incorporate the sales price and figure out if it drops below those particular thresholds. I know JB's just sitting here drooling because of his new gorgeous backyard. He's like, oh, man, is there something I can run down to the border in Florida and snatch up for, you know, free of sales tax and bring it back home? Go get some cornhole boards and some outdoor chairs and stuff like that. [00:12:09] Speaker B: One of the things my question is just, can you just do this? I'm just like, hey, uh, I'm a store owner. Like, hey, so anyways, I would like a sales tax holiday. We're not playing, you know, how do you like go about it? [00:12:22] Speaker C: This be a great question for Frank O'Connell, right. Our Georgia or Jimmy. True, but I believe Tim, JB, it has to be led by legislature, right? I mean, because you're exempting sales tax, they have to put it right in. [00:12:35] Speaker A: Their budget and they have to vote on it, obviously. Right. Any other piece of legislation and once it ultimately gets approved, then, you know, it can be put into, you know, law and they can actually apply it. But yeah, Jenny's right, 100%. Like it has to go through the legislature like some schmo. And I, you know, Ocala just can't go, hey, I want to exempt horse feed for the next, you know, two months and, you know, because it's prime horse breeding season. Well, no, that doesn't work anyway, you. [00:12:58] Speaker C: Know, it's the principle. [00:12:59] Speaker B: I did hope you would talk about horse breeding at some point in the podcast and we get it off. So great. [00:13:05] Speaker A: So now we have to apologize to the ocala. Ocala, excuse me, horse farmers. [00:13:09] Speaker C: Yes, I've been there. To the horse farms. Pretty cool. [00:13:12] Speaker A: You know, what's the largest area of horse farming outside of Kentucky? It's kind of interesting. And raise more racing horses down there than almost in Kentucky. [00:13:19] Speaker C: It's pretty, really beautiful there. So another complexity is sometimes local taxes aren't exempt. So if you have a sales tax holiday, say in Alabama, our favorite state, Colorado, Louisiana, you might be exempt from the state sales tax, but not the local sales tax. So then that's another complex issue for a retailer or a PoS system. Is that something you can program in? [00:13:43] Speaker A: Yeah. [00:13:44] Speaker C: Like a sales tax? [00:13:45] Speaker A: Yeah, I mean, there's rules that you can set up in the poS, but the problem is, is that, again, it goes with the categorization and having to identify the specific items and things of that nature. I mean, if you think about it like an emergency preparedness holiday, especially, you know, sales tax holiday, especially for hurricanes like down in Florida and the ones that they have maybe in Texas or a couple of other states, it's really kind of interesting to see what items qualify and which ones don't. And it's just an administrative headache. I mean, it really is. It's all it is. I mean, we're sitting here griping, we're complaining. It does provide value to constituents and it does provide, you know, increased visibility to politicians. And it is a good thing to do. Ultimately, on the surface, you're allowing people to buy something for less money, which is awesome. Right. But it. It is an administrative nightmare. I mean, I think it just gives, it gives a platform for Jenny and I to gripe. [00:14:32] Speaker C: Exactly. No, as you all know, if you listen to this podcast, that's basically what we love to do, is complain. So that's exactly it. [00:14:39] Speaker B: Other sales tax, I mean, other holidays on taxes, I have never heard of like an, hey, it's an income tax holiday. So just. [00:14:45] Speaker C: I know. Wouldn't that be nice? [00:14:47] Speaker B: Property tax holiday. It's like, buy a house. [00:14:52] Speaker C: Yeah. Tim, what. What are your thoughts on that? I don't, um, I'm trying to think. Are there any property tax, income tax? I don't. [00:14:59] Speaker A: No property tax holidays? No. [00:15:01] Speaker C: Yeah. [00:15:01] Speaker B: Why sell? Like, why did they decide, oh, we can do sales tax? [00:15:06] Speaker A: Because it's. It's one of the easiest ones to apply. And again, think about it. It's. It's the most regressive tax that we typically have, so it impacts the broadest group of people. Um, so, you know, it's, uh, you're never going to get a local municipality to agree to a property tax abatement holiday. That's just not going to happen. But in all honesty, like, yeah, that's. That's why sales tax is always selected. [00:15:28] Speaker B: All right. [00:15:28] Speaker C: And another thing we have to consider when it comes to sales tax holidays, as compliance people are audits and sampling. So just keep in mind, if you're assisting a client with, you know, an audit, that a sales tax holiday could kind of skew your sample. Right, Tim? Like, if you had, you know, a lot of sales during the sales tax period. Sales tax holiday period. You know, and you start pulling those invoices and cash reports, you know, just might be good to exclude. Exclude from an audit sample. Yeah. [00:16:00] Speaker A: Or include them because everything's going to be correct. I mean, one of the two things, you just be like, hey, auditor, let's go ahead and do. Let's go ahead and pop this month. Let's knock this out. [00:16:12] Speaker C: Yes. And on the other hand, just like we talked about with Florida or, say, Alabama or Colorado, if you didn't charge sales tax on your $45 inflatable chair and you were supposed to, it's pretty complicated, right? So you better have your backup and the same for your local tax. So it's just all your setups, all. [00:16:32] Speaker A: Your administration, everything has to be completely documented, especially, you know, when an auditor comes peeking around during the holiday season and you're, you know, the tax holiday season. Excuse me. And you're, you know, a retailer. So it's pretty complicated. [00:16:47] Speaker C: And one other interesting note I have is that some states allow a retailer to opt out of a sales tax holiday if 2% of their input, 2% or less of their inventory comes from the exempt items. [00:17:01] Speaker A: Oh, that's pretty interesting. [00:17:03] Speaker C: I didn't know that. [00:17:03] Speaker A: Why? So they just. [00:17:05] Speaker B: Because it's annoying. Because of the headaches? [00:17:07] Speaker C: Yes, the headaches. You know, if. If a lot of their inventory, you know, if less than 2% of your inventory were inflatable pool floats and what. [00:17:16] Speaker A: Is up with you? An inflatable pool. [00:17:19] Speaker B: It is your go to. [00:17:20] Speaker C: I mean, it's just my favorite sample. Okay. Should I go with. Okay. What else is exempt in Florida under Freedom month? [00:17:29] Speaker A: There's a whole host of them. [00:17:31] Speaker C: Yeah. Goggles. [00:17:33] Speaker A: Goggles. [00:17:34] Speaker C: Yeah. [00:17:38] Speaker A: I'm not. Load up on sunscreen next time in Florida, man. That stuff's expensive. It buy a couple cases and ship it home. [00:17:45] Speaker C: Well, sorry, Georgia, if it's $15 or less. [00:17:49] Speaker A: There we go. [00:17:50] Speaker C: Which, for some sunscreen, it's not $15. [00:17:53] Speaker A: It's not $15. Yeah. You're not getting any neutrogena for $15. [00:17:58] Speaker C: No, you're getting el cheapo. No. Ad. [00:18:00] Speaker A: Banana bow. [00:18:01] Speaker C: Walmart. Yeah. No banana bow. That's not that cheap either. [00:18:05] Speaker A: Yeah. [00:18:05] Speaker B: I need the real sunscreen. My sunscreen. I'm always mad at it because I take it out in when we get into the summer months, and it's called babies and sensitive, so I'm not really aggressive. [00:18:17] Speaker A: This guy that I went fishing, this guy that I went fishing with this last weekend busted out super goop, and I was like, isn't that that what's her name? [00:18:27] Speaker B: Is that Gwyneth Paltrow? [00:18:28] Speaker C: No, no. You're just thinking goop. [00:18:31] Speaker A: The coolest sunscreen I'd ever put on. Like, it goes on like water, and it works amazing. Look at me. I didn't get score. [00:18:37] Speaker B: Wow. [00:18:37] Speaker A: It is very expensive. [00:18:39] Speaker B: It costs $70. [00:18:40] Speaker A: Yeah. [00:18:41] Speaker C: Does it really? I do not know. [00:18:47] Speaker B: I don't necessarily. I cannot confirm or deny that Gwyneth Paltrow owns it, but I can say. [00:18:53] Speaker C: I feel like that's a stretch. I feel like that's a stretch. Tim. I don't think it's. I don't know if Supergoop is Gwyneth, but, yeah. JB, do you feel attacked by being called babies insensitive? [00:19:01] Speaker B: Yes, babies insensitive. I always am like, man, that is just mean. I'm just trying to make sure I don't get skin cancer. I guess that you. I mean, imagine you thinking you're more powerful than the sun. Yeah, I want to put sunscreen on. [00:19:17] Speaker C: Yeah, it's kind of obnoxious. Okay, well, you know, that was just a little bit of our analysis and the whys of sales sex holidays. Who likes them? Who doesn't like them as much? But I think, like we said, we all agree that they're not a bad thing. It's just a lot of complexity sometimes to consider. [00:19:32] Speaker A: You'd call yourself, Jenny, a platform to complain for a second about compliance, and she just runs with it. [00:19:38] Speaker C: That's true. You might. Yeah, you'll have to get the cane and, like, drag me off stage, for sure. So we're hoping, we're catching all of our listeners. You know, it's pretty much the beginning of sales tax holiday season, and there are a lot of sales tax holidays coming up, so beginning July 1 through the end of the year. So we've got some back to school holidays in Alabama, Arkansas, and Connecticut. [00:20:01] Speaker A: I mean, if you think about it, back to school is. Is literally one of the biggest sales tax holidays right now. So, you know, aside from a couple of second amendment ones with Louisiana and Mississippi coming up, and I. August and September, and then obviously the hurricane preparedness, um, you know, down in Florida, uh, for Floridians, like, the entire month of July and back to school ones are absolutely the most popular. And you should check with your state. You got some big states that are coming up with Texas and West Virginia and a few of these others. [00:20:26] Speaker C: And let me tell you, I have completely taken advantage of, uh, Georgia, uh, back to school sales tax holidays because it is expensive. I have a rising senior and a rising junior. So I've had, you know, how many years? [00:20:39] Speaker A: A lot. Let's buy. Let's get anyone. Jenny wears a shirt that says, I believe in retail therapy. Okay. So any reason that she has to get out and shop, she's crushing it. [00:20:51] Speaker C: Especially for school supplies. That makes me happy. [00:20:56] Speaker A: The great Google has told me that supergoop is a popular beauty brand that is not related to Gwyneth Paltrow's lifestyle brand goop in any way. It was founded by a completely different person. So I stood up. [00:21:08] Speaker C: I knew it for, in all honesty, a sales tax holiday for back to school. It can get very expensive. All the supplies you have to buy for the kids and especially, you know, for lower income families, you know, it is. It is not easy. JB. You'll be there before you know it. Buying school supplies. [00:21:23] Speaker B: My school supplies would just be, you have to buy this iPad and these headphones. [00:21:27] Speaker C: Right. And this AI subscription, they'll all have podcast mics and ring lights. [00:21:34] Speaker B: Right. [00:21:36] Speaker C: Okay. As much as I love talking about Florida, we have to move on from Freedom Month, even though it is the best. So there's a couple other holidays we want to talk about. And Tim, I think you're teeing up our next one here, right? [00:21:48] Speaker A: Absolutely. We have 2nd, 2nd amendment holidays. So we've got a couple of second Amendment holidays. One that's in Mississippi and one that's in Louisiana. Louisiana's first weekend, first full weekend. Excuse me. In September. Mississippi's is like the last weekend in August. Gearing up for hunting season. [00:22:04] Speaker C: Yeah. [00:22:04] Speaker A: And then, Jenny, I think you wanted to talk about. There was one last one I think you wanted to maybe mention. [00:22:08] Speaker C: Oh, yeah. Just one last one I thought was interesting. In New Mexico, it looks like on November 30. So that might be right after thanksgiving. I haven't looked at the calendar or, you know, Black Friday and all that. There's a small business Saturday. Oh, yeah. Obviously it's a Saturday after Thanksgiving. So. Yeah. So there you go. [00:22:26] Speaker B: I usually do a small business Saturday after the black. After black. [00:22:29] Speaker C: But tax free though. [00:22:31] Speaker B: Yeah. Specifically is a sales tax one the. [00:22:33] Speaker A: American Express would always sponsor, one that would basically, I think they cut, they either cut their 3% service charge like in half, or they completely eliminated it for small businesses, which I thought was like pretty cool. So. But yeah, no, this is really interesting that New Mexico is doing it for all small businesses and doing it on sales tax. I've never heard of that. That's pretty neat. [00:22:55] Speaker C: I think that's neat, too. And you're right, JB. It's like, it's already kind of like the thing, you know, like Black Friday, small business Saturday, there's something on Sunday and then like Cyber Monday and giving Tuesday. But at least, you know, for small businesses in New Mexico, they'll, they won't have to collect sales tax that day. [00:23:09] Speaker A: So let's just keep extending the week of shopping. Let's. Let's go to like mall help support your local mall Wednesday and do some other stuff. [00:23:18] Speaker C: That's the most wonderful time of the year. [00:23:20] Speaker A: I. Oh, my God. [00:23:20] Speaker C: You know, and, yeah, so go ahead. And there's tons of other states that are having back to school sales tax holidays. So, yeah, just hit your Google machine and you'll get a list of those and just make sure you talk to your clients and, you know, are hitting your software and making sure everything's up to date. And enjoy your sales tax holidays, everyone. [00:23:42] Speaker A: There you go. [00:23:43] Speaker B: And one apology before. [00:23:45] Speaker A: Oh, yeah, we got one apology. [00:23:46] Speaker B: It's. It's. It's me. To Donna. I ruined her quiz. [00:23:50] Speaker A: I completely ruined the quiz I gave you guys. [00:23:53] Speaker B: Sorry, Donna. I just wanted to let you know I am sorry. We could apologize to horse farmers. [00:23:59] Speaker A: We just actually was supporting horse farmers. [00:24:02] Speaker B: We were like, yeah, I think we told them that they had a sales tax holiday in Florida, but they didn't because of other rules that already exist around, like, agricultural things in Florida. [00:24:13] Speaker A: So if I was gonna say something bad about that section of Florida, it would have to be about the gators. Okay. Like that. [00:24:26] Speaker B: Add one apology during the apologies. [00:24:28] Speaker A: That's exactly right. That's exactly. [00:24:30] Speaker B: All right, who wants? [00:24:31] Speaker A: I'll take. [00:24:32] Speaker B: Oh, okay. [00:24:33] Speaker A: Yeah. Thank you, everyone, for listening today. Please tune in. You can listen to the episodes in any order. You don't have to listen them in a particular order. We really appreciate your listenership. If you want to have any questions, you can email us. You can pick us up on anywhere that you actually listen to your podcast. So thank you very much, and we will talk to you next time. Bye.