Newsgram
2016 Back to School Sales Tax Holiday
Will run from Friday, Aug. 5 through Sunday, Aug. 7, 2016.
August 1, 2016
|
2 min
reading time
This article is 9 years old. It was published on August 1, 2016.
By state law, the sales tax holiday begins on the first Friday in August and continues through the following Sunday. In 2016, the three-day holiday begins at 12:01 a.m. on Friday, August 5, and runs through Sunday, August 7. 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 only.
If one or all of your local taxing jurisdictions are not participating in the sales tax holiday, the state's portion of the tax rate (4.225%) will remain exempt for the sale of qualifying sales tax holiday items.
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 $1,500
- Computer peripheral devices– not to exceed $1,500
- Graphing Calculators-not to exceed $150
For questions regarding the Back to School Sales Tax Holiday, visit Missouri Department of Revenue website at: http://dor.mo.gov/business/sales/taxholiday/school/
# # #
-
Department:
Newsgram
-
Topic:
Employees
Most Read News
- Mayor Cara Spencer Takes Office as the 48th Mayor of St. Louis She emphasized that better days are ahead for St. Louis and pledges to work collaboratively with all stakeholders
- CDA Announces more than $16 Million Available in 2025 Neighborhood Transformation Grants Funding includes CDBG, HOME, HOME-ARP, PRO Housing, and Economic Development Sales Tax investments to support affordable housing production, neighborhood plan implementation, and community green activation of vacant lots.
- New Data Show St. Louis City Continues To See Decrease in Homicides and Other Crime Newly released crime data for August 2024 shows that the City of St. Louis continues to successfully decrease the amount of crime, including homicides, occurring in the City.
Feedback is anonymous.