Missouri’s annual Sales Tax Holiday is set for this weekend, with the state sales tax of 4.225 percent lifted on most back-to-school items that include such things as clothing, school supplies, personal computers, and computer software.
David Overfelt, President of the Missouri Retailers Association, says the idea first came about in other states that saw an opportunity to boost sales – and Missouri recently decided to follow suit.
In conjunction with the lifting of the state sales tax, many Missouri cities and counties are lifting their local sales taxes on these items, as well. Cities and counties that opted out of the sales tax holiday will continue to charge the local taxes this weekend.
The tax holiday includes any item of clothing with a taxable value of $100 or less, school supplies that do not exceed $50 per purchase, any computer with a price tag not exceeding $3,500, and computer software with a taxable value of $350 or less. The event runs Friday through Sunday.