Back to School Sales Tax Holiday is Coming Soon
It’s hard to believe August is almost
here. The City of Jackson is excited once
again to be participating in the Back-to-School Sales Tax Holiday. On
this weekend, the City of Jackson, County of Cape Girardeau, and State of
Missouri will be waiving sales taxes on all qualifying purchases. The goal is to give parents and students an
opportunity to save some money on those much-needed school supplies and
clothing.
During the Missouri sales tax
holiday, certain back-to-school purchases, such as clothing, school supplies,
computers, and other items are exempt from all sales tax from Friday, August
5 through Sunday, August 7.
“We are excited to again be
participating in Missouri’s tax-free weekend, where we have the opportunity to
invite shoppers in Jackson and from all over Cape Girardeau County to come out and
enjoy savings,” said Mayor Dwain Hahs. “Over the past 18 years, we have had
consistently successful tax-free weekends.
The holiday makes purchasing
back-to-school supplies a little more affordable for our residents and those
who drive to Jackson to shop.”
The tax-free weekend was first
offered in August 2004, with the purpose of giving shoppers a break on back-to-school
purchases such as clothes, computers, and backpacks. In 2005, Missouri Governor Matt Blunt signed a
bill making permanent the sales tax holiday during the first weekend in August
each year.
The state
legislation automatically suspends the state's 4.225 percent sales tax
throughout the weekend, plus both the City of Jackson (2.5%) and County of Cape
Girardeau (1.5%) have opted to suspend sales tax for its retailers resulting in
a total savings of 8.225 percent in sales tax on certain school items. What that means for consumers is no state, county, or city sales tax at
stores in Jackson.
What purchases qualify for the sales tax free weekend?
-
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
Qualifying purchases for school
are tax-free throughout the three-day event. For more information, visit the
Missouri Department of Revenue’s website at https://dor.mo.gov/business/sales/taxholiday/school/faq.php.