Store expects booming business

Tax holiday likely to spur month of sales in 2 days

By Prentiss Findlay
The Post and Courier
Thursday, November 26, 2009



Handguns, rifles and shotguns will be cheaper on Friday and Saturday because the Legislature has designated those days as a tax-free "Second Amendment Weekend."

Neil Schachte, owner of Carolina Rod & Gun, said Wednesday that he expected a sharp uptick in business for the tax-free days. During that time, the store will not charge 7.5 percent in state and local sales taxes, he said.

photo

Neil Schachte (left), owner of Carolina Rod & Gun in West Ashley, and customer Jim Riffe look Wednesday at a pistol Riffe is considering buying during the tax-free holiday.

"We'll do in two days what we used to do in a month." Schachte said that a firearms collector is waiting until the tax-free weekend to purchase 10 guns from the store.

South Carolina had the nation's first tax holiday on guns last year after legislators tacked it on to a tax break on energy-efficient appliances. The state Supreme Court threw out that law in May because of an unrelated energy amendment. Lawmakers restored the gun tax break as a one-time event in the budget this year.

Jim Riffe of Ravenel said he was on a waiting list at the store for a gun that retails for about $800. Even though the firearm would not be available this weekend, Riffe said he would buy it during the tax-free holiday and pick it up later. "I'll come in probably Friday and purchase the gun," he said.

The 7.5 percent sales tax still applies

to ammunition during Second Amendment Weekend. South Carolina is the only state in the nation that has a tax-free weekend for both handguns and hunting guns. Louisiana has a tax-free weekend for hunting guns.

Scott Hornsby, Carolina Rod & Gun manager, said he expected that the two tax-free days would amount to 25 percent of the store's business for the month.

Hornsby expected the store would sell about 70 firearms Friday and Saturday. On a busy day when the sales tax is in effect, it might sell up to 15 guns, he said.

"It's been good for us. Next year, we'll miss it," Hornsby said of the tax-free weekend.

Hornsby said he thought the General Assembly should grant a sales-tax-free weekend for other businesses as well such as appliances and home improvement products.

The store has seen a big increase in first-time gun buyers who are worried about crime and concerned about the government restricting their access to firearms. "That has really kept us afloat," Schachte said.

Schachte, who has sold guns for 30 years, said his business spikes when a Democrat wins the presidency. He took note of a female senior citizen in the store who appeared to be considering purchasing a handgun while talking with one of his salesman. She is the sort of customer the store used to see once a month, but now sees three or four times daily, he said.

Schachte had mixed feelings about the Legislature giving gun shop owners the tax break, which he thought should instead be a one-day event for all retail businesses. "It's not fair. Why should we be singled out to be the beneficiary of a tax-free weekend?"

The tax break reportedly cost about $15,000 in lost state revenue last year. South Carolina has a tax-free weekend for back-to-school supplies in August.

Reach Prentiss Findlay at 937-5711 or pfindlay@postandcourier.com

Share this story:
E-mail this story E-mail this story  Printer-friendly version Printer-friendly version  

Copy and paste the link:

Comments

Use the comment form below to begin a discussion about this content.

Notice about comments:

Postandcourier.com is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Postandcourier.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website.

Users can now build user-to-user connections, follow friends' recent posts, add an avatar that fits their personality, and more. If you have posted here before you'll need to sign up again, or if you've never posted before, start now by signing up!

Full terms and conditions can be read here.



Most Popular

 

Sponsored Links