PRESS RELEASE
Treasurer Fitzpatrick Reminds Missourians the Back-to-School Sales Tax Holiday Begins Tomorrow
Jefferson City, MO –Missouri State Treasurer Scott Fitzpatrick is
reminding Missourians to take advantage of the back-to-school sales tax holiday
this weekend, beginning Friday, August 7 and ending Sunday, August 9. This
annual event exempts certain back to school purchases including clothing,
computers, school supplies, and other items defined in state statute from state
sales tax. “The back-to-school sales tax
holiday gives Missouri families a leg up in preparing for a new school year,”
Treasurer Fitzpatrick said. “Families with young children can take advantage of
diapers being tax-exempt during the weekend. And families facing virtual
learning can also benefit—computers are tax exempt as are school supplies like
pencils, crayons, and paper. For those who are in need of new clothes, the tax exemption
applies to clothing, shoes and backpacks for the weekend. This school
year may look different from others, but the sales tax holiday is a great way
to prepare and save a little money when every little bit helps.” Items purchased online qualify
for state sales tax exemption so Missourians can shop from home and have items
delivered or use curbside pickup options available at some retailers. Back-to-School Sales Tax Holiday
specifics: ·
CLOTHING:
Each article of clothing must have a taxable value of $100 or less. Accessories
including watches and handbags are not included. ·
COMPUTERS:
Personal computers and peripheral devices cannot exceed $1,500. ·
SCHOOL
SUPPLIES: Items normally used by students in a classroom for educational
purposes qualify. Each purchase is not to exceed $50. Graphing calculators
valued at less than $150 qualify. Treasurer Fitzpatrick is
committed to helping Missourians save money and improve their financial
well-being. As administrator of the MOST
529 Education Plan and MO ABLE, the
Treasurer encourages Missourians to use tax-advantaged programs to save for the
future. Additionally, the Financial Literacy
Portal provides online learning tools for a better financial future. More information about specific
qualifying purchases during the back-to-school sales tax holiday can be found here. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.