iluvlocalplaces.com

Back to School Sales Tax Holiday August 1-3

MISSOURI DEPARTMENT OF REVENUE

 

Section 144.049, RSMo, establishes a sales tax holiday effective during a three-day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following. 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.

The sales tax holiday applies to state and local sales taxes when a local jurisdiction chooses to participate in the holiday. However, local jurisdictions can choose to not participate in the holiday if they enact an ordinance to not participate and notify the department 45 days prior to the sales tax holiday. If the jurisdiction had previously enacted an ordinance to not participate in the holiday and later decided to participate, it must enact a new ordinance to participate and notify the department 45 days prior to the sales tax holiday.

If 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

Qualifying Items

Section 144.049, RSMo, defines items exempt during the sales tax holiday as:

“Clothing” - any article of wearing apparel, including footwear, intended to be worn on or about the human body. The term shall include but not be limited to cloth and other material used to make school uniforms or other school clothing. Items normally sold in pairs shall not be separated to qualify for the exemption. The term shall not include watches, watchbands, jewelry, handbags, handkerchiefs, umbrellas, scarves, ties, headbands, or belt buckles.

“School supplies” - any item normally used by students in a standard classroom for educational purposes, including but not limited to, textbooks, notebooks, paper, writing instruments, crayons, art supplies, rulers, book bags, backpacks, handheld calculators, chalk, maps, and globes. The term shall not include watches, radios, CD players, headphones, sporting equipment, portable or desktop telephones, copiers or other office equipment, furniture, or fixtures. School supplies shall also include computer software having a taxable value of three hundred fifty dollars or less.

“Personal computers” - a laptop, desktop, or tower computer system which consists of a central processing unit, random access memory, a storage drive, a display monitor, and a keyboard and devices designed for use in conjunction with a personal computer, such as a disk drive, memory module, compact disk drive, daughterboard, digitalizer, microphone, modem, motherboard, mouse, multimedia speaker, printer, scanner, single-user hardware, single-user operating system, soundcard, or video card.

VIA - http://Dor.Mo.Gov

Most Recent Stories

Former U.S. First Lady Laura Bush, an advocate for literacy, education and women’s…

Tapanuli orangutan

 A Tapanuli orangutan, a newly discovered third species of the great ape, hangs in a tree…

Dr. Freeman Hrabowski, president of the University of Maryland-Baltimore County and…

The Holiday season is upon us! Check out this list of Holiday Parades for 2017!

“Buddy: The Buddy Holly Story” will have audiences rocking and rolling as part of…

Southeast Missouri State University students, regional high school students and students…

The Safe House for Women, Cape Girardeau’s service agency for survivors of domestic…

For this info and more including Levi’s story visit:…

 

The Catapult Creative House Student Studios will hold their November Artist of the…

The Stars and Stripes Museum in Bloomfield, MO is hosting our 5th annual Liberty Days…

 

Based on Bram Stoker’s classic novel, “Dracula” will take the stage at 7:30 p.m. Oct.…

Southeast Missouri State University invites alumni and students to celebrate “We Are…

Southeast Missouri State University has been recognized among the top 100 best regional…

Southeast MissouriSouthern Illinois

Did we miss something? Do you have more…

Prepare for the Halloween season with “Sister’s Back to School Catechism: The Holy Ghost…

Let Us Know

Click below to submit to us content regarding the local area.

Submit a Story!


Send us your event information and let us help you get the word out. You can also receive more information on advertising on our site!

Submit Your Event!


Want to see your business on our site in some way? Then click below!

Submit a Business!

News Archive

Powered by mod LCA