TAX-FREE WEEKEND: What you need to know in Arkansas, Missouri
JONESBORO, Ark. (KAIT) – You can save money on your kids’ school supplies during Arkansas and Missouri’s tax-free weekends.
Arkansas Sales Tax Holiday
According to the Arkansas Department of Finance and Administration, shoppers will be able to buy certain electronic devices, school supplies, instructional materials, and clothing free of state and local sales tax.
Regarding limits on qualifying items, officials said the exemption is limited to single articles of clothing which cost less than $100. Items which cost $100 or more are subject to the full state and local sales tax.
The DFA said all retailers are required to participate and may not charge tax on items that are legally tax-exempt during the weekend.
Missouri Sales Tax Holiday
In Missouri, certain purchases will be exempt from Missouri’s 4.225% sales tax for the weekend including:
- 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
- Computer peripheral devices - Not to exceed $1,500
- Graphing calculators – Not to exceed $150
Several cities in Missouri will not participate in the sales tax holiday, meaning the city sales tax will be collected in these locations regardless. You can find those cities here.
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