Sales tax holiday is Friday – Sunday

0
158
Back to school holiday

Those shopping for back-to-school supplies, or actually anyone, will get a sales tax break on certain items this coming weekend.

By Missouri state law, the sales tax holiday begins on the first Friday in August and continues through the following Sunday, according to the Missouri Department of Revenue.

The three-day holiday begins at 12:01 a.m. on Friday, August 7, and runs through Sunday, August 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.

f one or all of your local taxing jurisdictions are not participating in the sales tax holiday, the state’s portion of the tax rate (4.225%) will remain exempt for the sale of qualifying sales tax holiday items.

The sales tax exemption is limited to:

  • Clothing – any article having a taxable value of $100 or less
  • School supplies – not to exceed $50 per purchase
  • Computer software – taxable value of $350 or less
  • Personal computers – not to exceed $3,500
  • Computer peripheral devices – not to exceed $3,500

See more details at dor.mor.gov.

Individual municipalities don’t have to participate, so purchases in those cities will be exempt from state sales tax (4.225%) but not the city tax. Brentwood, Maplewood and Richmond Heights have all chosen to opt out. See the full list of cities opting out. St. Louis city is participating.

https://youtu.be/ZZxTh2lfXco

LEAVE A REPLY

Please enter your comment!
Please enter your name here