Tuesday, July 20, 2010

Time to Stock Up On School Supplies & Craft Materials

DATES ANNOUNCED FOR BACK TO SCHOOL TAX HOLIDAY

Even though it’s mid-summer, the backpacks and school supplies have taken center stage at most local retailers. Most of these stores are offering tremendous door buster deals on these necessities just to get you in the door (knowing that you’ll spend more than you planned), but don’t forget to combine these great deals with the Back to School Missouri Sales Tax Holiday! The offer starts at 12:01 a.m. Friday, August 6th, and runs through midnight Sunday, August 8th.

According to the Missouri Department of Revenue, St. Louis City, St. Louis County, Jefferson County, and St. Charles are joining the state in the sales tax holiday, so depending where you shop, you may only pay the ticket price for each back to school item!

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

Helpful Links:

Counties NOT participating

http://dor.mo.gov/tax/business/sales/taxholiday/school/counties.php

Towns NOT participating

http://dor.mo.gov/tax/business/sales/taxholiday/school/cities.php