Missouri’s sales tax holiday is just days away, but divisions remain over whether the tax break on certain back-to-school items is good or bad for the state’s economy. The business community sees the sales tax holiday as a positive. Ray McCarty with the Missouri Chamber of Commerce says these tax breaks have worked well in other states in which they’ve been held and should result in added retail sales here – even on items not covered by the exemption. But Stuart Haynes with the Missouri Municipal League isn’t so sure there’ll be benefits. Haynes says many of the back-to-school items purchased this weekend would be bought with or without the tax break and the cities and counties that chose not to opt out will lose much-needed revenues. 66 counties and more than 175 cities have chosen to opt out of the sales tax holiday, meaning local sales taxes will be charged there – while the state sales tax is suspended.
You are here: / / Differences Remain Over Purported Benefits Of Sales Tax Holiday