Published: Fri, August 03, 2018
Money | By Bruce West

Expert talks savings on Iowa Tax Free Weekend

Expert talks savings on Iowa Tax Free Weekend

Beginning midnight Friday through 11:59 p.m. Sunday, clothing items priced $75 or less, as well as school supplies and instructional materials priced $20 or less will be exempt from state sales tax.

While Florence, S.C., is only 55 miles away and the tax-free weekend can seem tempting, people are encouraged to stay and shop local.

Missouri: (August 3-5) Clothing & footwear under $100, computers under $1,500, school supplies under $50, graphing calculators under $150. Online purchases of qualifying items are also tax-exempt during the sales tax holiday.

Clothes will make up the bulk of back-to-school purchases ($236.90), according to the survey.

The report references studies that show tax holidays don't significantly boost yearly retail sales. That's because shoppers went shopping over the weekend in droves.

Governor Scott Walker announced Wisconsin's first ever sales tax holiday that will start August 1st and run through August 5th.

Shoppers across the state are expected to hit the stores Friday and Saturday during Iowa's Tax Free Weekend.

But lawmakers could seek to reinstate the sales tax holidays before then beginning in next year's Regular Session.

Clothing accessories, school art supplies and sport or recreational equipment are all still taxable during the sales tax holiday.

The tax rate varies as each jurisdiction takes its share on top of the state's 5.129 percent. Those who live in Loudoun or in other parts of Northern Virginia, where the sales tax is 6 percent, will save even more.

"The body had spoken", she said.

Back in January, Walker stopped at the La Crosse Airport, holding a Spider-Man backpack touting the sales tax holiday, along with the recently completed $100 per child tax credit - which pundits also called an election gimmick.

"The people of OH deserve to keep more of the money they earn so that they can more easily provide these essentials for their families", said McColley.

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