Sales Taxes Waived For Back To School
Date 2013/7/30 4:16:35 | Topic: News
|Shoppers Friday through Sunday can save on sales taxes when making eligible purchases of so-called “back to school” items at Missouri businesses. |
The state sales tax of four point two two five percent will be waived on affected purchases made duringthe three day period. Some of the Missouri towns and counties also plan to waive their
local sales taxes increasing the savings for consumers. However, numerous cities and
counties don't want to give up that revenue and have opted out of the sales tax holiday.
That means local sales taxes will continue to be collected.
Items eligible for the sales tax exemptions Friday through Sunday include
clothing and footwear valued less than 100 dollars; school supplies for the regular
classroom not exceeding 50 dollars; personal computers and peripheral devices costing
less than 35-hundred dollars. Computer software is considered a school supply and is
exempt from sales tax if its value is less than 350 dollars. It's noted an individual does
not have to be a student, or be purchasing for a student, to participate.
According to the Missouri Department of Revenue web site, local sales taxes
will still be collected this Friday through Sunday, August 2nd through 4th by area cities
like Trenton, Chillicothe, Marceline, Green City, and Pattonsburg; by area counties like
Grundy, Mercer, Livingston, Carroll, Linn, and Putnam; as well as the regional jail
district for Daviess and DeKalb counties.
If your city or county was not mentioned, then it is believed local sales taxes will be waived in addition to the state sales tax.