Saturday, July 30, 2011

Tax Free Weekends for School Supplies

Becentsable.net compiled this list of various states' tax-free weekends.  Missouri's is next weekend.  Below the list is what qualifies as tax-free in Missouri.

Alabama – August 5-7


Arkansas – August 6-7

Connecticut – August 21-27

Florida – August 12-14

Illinois – August 6 – 15

Iowa – August 5-6

Maryland – August 14-20

Mississippi – July 29-30

Missouri-August 5-7

New Mexico – August 5-7

North Carolina – August 5-7

Oklahoma – August 5-7

South Carolina – August 5-7

Tennessee – August 5-7

Texas – August 19-21

Virginia – August 5-7

Make sure to check with your state to see what is covered and what the limit is.

For Missouri 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

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