If saving a few dollars eases the pain of the annual school shopping trip, this is the weekend to plan to tackle the job. Many parents dread the annual trip to spend hours looking for just the right backpack and jeans for the kids, but saving a few dollars can make a big difference especially when you are shopping for bigger ticket items.
For the best deals on supplies, clothes and the endless list of other items kids need to head back to class, this is the weekend to take advantage of Back to School Sales Tax holiday. It can add up to significant savings and many retailers will run specials adding up to more savings.
Although many counties and local cities do not participate in the no sales tax holiday, consumers will save the Missouri sales tax of 4.225% on things like clothing, shoes, supples and other products this weekend.
By state law, the sales tax holiday begins on the first Friday in August and continues through the following Sunday. Certain back-to-school purchases, such as clothing, school supplies, computers, and other items as defined by the statute, are exempt from sales tax during that time.
This year the sales tax holiday begins at 12:01 a.m. on Friday, Aug. 3, and runs through Sunday, Aug. 5.
Save on these items: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 $1,500 Computer peripheral devices – not to exceed $1,500 Graphing Calculators - not to exceed $150