If you still need to get school supplies and want to save a few bucks, maximize your savings during this three-day period.
What is a sales tax holiday?
The sales tax holiday is a three-day period when the State of Missouri and many local communities do not collect sales taxes on certain items. In 2016, the sales tax holiday begins at 12:01 a.m. on Friday, Aug. 5, and runs through Sunday, Aug. 7.
The holiday was created to help parents save money on back-to-school shopping. 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.
This is What is Exempt From Sales Tax
Clothing – any article valued at $100 or less
School Supplies – must be under $50 per purchase
Personal Computers – valued at $3,500 or less
Computer Software – valued at $350 or less
Other Computer Devices – valued at $3,500 or less
Before you head out on a shopping spree…
In some areas, you will not pay state sales tax of 4.225 percent, but will still have to pay local taxes. To maximize your savings, shop in communities that choose to waive their own local taxes as well such as the City of St. Louis.
For a complete list of cities and counties that are not participating, visit the Missouri Department of Revenue’s website.