Consumer News: Mark your calendars for the annual sales tax holiday, building an apartment in Colombia and more

Consumer News with ABC Columbia is brought to you by Grow Financial.

COLUMBIA, SC (WOLO) — We all need a little good news these days, and the State Department of Revenue is giving us just that. Mark your calendars for the annual Sales Tax Holiday weekend, which runs from Friday, August 5 through Sunday, August 7. You can purchase qualifying items without paying 6% state sales tax for the 72-hour period. You can buy clothes, school supplies and even computers. Items such as smartphones, jewelry, and furniture are not tax exempt, however. The Department of Revenue said South Carolina shoppers bought nearly $25 million worth of zero-rated items during last year’s sales tax holiday.

COLUMBIA, SC (WOLO) – Is life in the capital getting more and more expensive? A report of shows that rent in Colombia has increased by only 0.2% over the past month. However, year-over-year rental growth in Colombia currently stands at over 10%. That’s compared to around 13% at the same time last year. In contrast, rent in Colombia has risen nearly 28% since the pandemic began in March 2020. Renters are paying an average of $1,082 for a one-bedroom apartment, an increase of $2 from the month last.

ABC NEWS– As the federal government extended the pause on federal student loan repayments through August, that hasn’t stopped businesses from trying to capitalize on loan repayment concerns and sometimes ripping off consumers. Government and defense agencies are warning consumers to beware. ABC’s Kenneth Moton tells us what you need to know.

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