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A Back-to-School Tax Break for Consumers Missouri's Sales Tax Holiday -- Aug. 3rd through 5thPosted Thursday, August 2, 2012, at 12:22 PM
Beginning at 12:01 a.m. on Friday, Aug. 3, and ending at midnight on Sunday, Aug. 5, back-to-school supplies will be exempted from state sales tax. Back-to-school supplies include clothes, school supplies, and computers and their accessories. Local governments have the option of participating in the holiday by rescinding their city or county sales taxes. Depending on where you plan to shop, savings during the weekend could be more than 8 percent.
The tax waiver applies to the following purchases:
If a family with three children spends around $400 on new shoes, clothing, backpacks, and other school supplies, they could save more than $30 by purchasing these items during the sales tax holiday. A common purchase for college students is a new computer, which can be a significant expense. Consumers purchasing a $3,500 laptop computer during the holiday could save as much as $295. I encourage anyone anticipating making back-to-school purchases or anyone planning to invest in a computer to take advantage of the savings available during the holiday.
Some cities and counties have chosen not to exempt their local taxes during the 2012 holiday, so make sure you plan your back-to-school shopping accordingly. In Southeast Missouri, Cape Girardeau, Madison, Mississippi, Perry and Scott counties are all going to waive county sales tax this year during the sales tax holiday.
For an exact listing of the cities and counties participating in the holiday, visit http://dor.mo.gov/tax/business/sales/tax... or call the Sales/Use Tax Department at the Missouri Department of Revenue at (573) 751-2836.
I'm proud that Missouri is continuing this tax holiday program created more than seven years ago to help alleviate the financial burden so many families endure during this time of the year. Not only does this tax holiday help stimulate our economy in communities throughout our state, families across the board will benefit, too.
As always, I appreciate hearing your comments, opinions, and concerns. Please feel free to contact me in Jefferson City at (573) 751-2459. You may write to me at Jason Crowell; Missouri Senate; State Capitol; Jefferson City, MO 65101, or e-mail me at: firstname.lastname@example.org or visit me on the web at www.senate.mo.gov/crowell.
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Sen. Jason Crowell was elected to serve Southeast Missouri's 27th Senate District in November of 2004 and was reelected in November 2008. During his first year in the Senate, Sen. Crowell earned the Chairmanship of the Committee on Pensions, Veterans' Affairs and General Laws. Before that, in 2000, Jason Crowell was elected to the Missouri House of Representatives and represented the 158th district. After re-election in 2002 Jason was elected by his colleagues to be the Majority Leader. Jason used this position to fight for lower taxes, protect traditional marriage, and reign in out of control spending.
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