Parents, Get Ready To Save Some Money On Back To School Purchases In Tennessee And Virginia. Beginning Friday, The Annual Sales Tax Holiday Begins. All Items Of Clothing And School Supplies With A Purchase Price Of 100 Dollars Or Less And Computers With A Purchase Price Of 15-Hundred Dollars Or Less Are Exempt From Tax. Among The Tax-Free School Supplies Are Paper, Pens, Book Bags, And Art Supplies. The Sales Tax Holiday Runs Through Sunday.