ATLANTA (AP) — The Georgia Retail Association is reminding residents that the state's tax holiday is quickly approaching.

Officials say state and local sales taxes in most Georgia counties will be waived between Aug. 1 and 2. Officials say the tax exemption applies to computers, software and more worth less than $1,000, clothes and shoes worth less than $100 per item, and school supplies worth less than $20 per item.

Georgia Retail Association Executive Director Taylor Byrd says the tax holiday is good for retailers and Georgia families. Byrd says increased business during the tax holiday period is "good for our economy, because it means more work hours and higher payrolls."

GRA officials are expecting a back to school and college savings of about $2 billion statewide.