This weekend, the first weekend in August, Missouri celebrates a back to school sales tax holiday. Items that qualify are
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
In cities where the local municipality is holding a sales tax holiday in conjunction with the state program, the savings can be significant. However, individual cities can elect not to participate. Either way, you can be assured of a savings of 4.225% which is the states portion of the sales tax and is available throughout the state of Missouri.
See http://dor.mo.gov/tax/business/sales/taxholiday/school/consumers.htm for the actual details and a listing of participating municipalitites.
Now, get out there an pick up the supplies you need, every penny helps, – a penny saved is a penny earned.
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