With the official start of the 2017-2018 school year just around the corner, it’s time to think about those back to school purchases. Consumers can once again enjoy a sales tax holiday in Missouri and Iowa the first full weekend in August. Iowa’s Tax Free Weekend includes both Friday and Saturday, August 4-5 while Missouri shoppers get to enjoy an extra day, August 4-6, Friday thru Sunday.
There are a few differences between the states in how the tax free holiday is handled. In Iowa, businesses that are open on these days are required to participate. Tax free weekend applies to clothing and shoes as long as individual items are under $100 each. The list of items exempt from this tax free weekend include jewelry, watches and watchbands, umbrellas and sports equipment (such as skis, swim fins, roller blades, and skates, as well as clothing or footwear designed specifically for athletic use). For more specific information about tax-exempt savings in Iowa and items excluded, visit their website at https://tax.iowa.gov/iowas-annual-sales-tax-holiday.
In Missouri, the tax holiday begins on Friday, August 4th and runs through Sunday, August 6th. 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.
In Missouri, cities, counties, and districts have the option to not participate in the sales tax holiday. Kirksville will be participating; however, some larger cities not participating include Columbia, Jefferson City, Ozark, Osage Beach, and Springfield. Many cities in the Kansas City area are participating. For a complete list and all the details about Missouri’s Sales Tax Holiday, visit http://dor.mo.gov/business/sales/taxholiday/school/.
Illinois does not participate in the Tax Free Weekend.