It’s that time a year again- back-to-school which means back-to-school shopping! In Missouri, people flock to the stores on “Tax-Free Weekend” hoping to save a buck or two.
Here is what you should know:
This year, the three-day holiday begins at 12:01 a.m. on Friday, Aug. 7, and runs through Sunday, Aug. 9. Certain back-to-school purchases, such as clothing, school supplies, computers, and other items as defined by the statute, are exempt from sales tax for this time period only.
Some cities choose not to participate in this holiday. City sales tax in these locations will still be collected on the sale of qualifying holiday items. A list of these cities can be found here.
Other States in the Heartland that have a Tax-Free Holiday Week-end:
Arkansas’ second tax free weekend was scheduled for August 1-2, 2015.
Iowa’s Tax Free Weekend is scheduled for August 7-8, 2015. The tax-exempt savings applies only to clothing and shoes under $100.
Oklahoma’s Tax Free Weekend is scheduled for August 7-9, 2015. The tax-free savings applies to the following items:clothing and shoes priced under $100.
Tennessee’s Tax Free Weekend will take place from August 7-9, 2015, and applies to the following types of merchandise: Clothing under $100 School and art supplies under $100 and computers under $1,500
Remember to use common sense when you shop. That’s the best way to save even more more during tax free weekend. For example, compare prices online before you go shopping, and try to use coupons whenever you can.