What is the Sales Tax Holiday?
The Louisiana Sales Tax Holiday provides an exemption from state sales tax on the first $2,500 of the purchase price of most individual items of tangible personal property for non-business use. The state sales tax is payable on the portion of the purchase price of any individual item in excess of $2,500. The holiday will apply to the 4 percent state sales tax, but will not apply to the sales taxes levied by parishes, municipalities, school boards, and other political subdivisions of the state. The 2008 holiday will be from 12:01 a.m. on Friday, August 1, through 12 midnight on Saturday, August 2.
Section 144.049, RSMo, establishes a sales tax holiday during a three day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following. 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.
Section 144.049, RSMo, establishes a sales tax holiday during a three day period beginning at 12:01 a.m. on the first Friday in August and ending at midnight on the Sunday following. 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. Sales tax holiday for clothing, personal computers, and school supplies, when. 144.049. 1. For purposes of this section, the following terms mean: (1) “Clothing”, any article of wearing apparel, including footwear, intended to be worn on or about the human body. The term shall include but not be limited to cloth and other material used to make school uniforms or other school clothing. Items normally sold in pairs shall not be separated to qualify for the exemption.
Tax is not due on the sale or use of certain articles of clothing or footwear if the sales price of the article is less than $100.00 and the sale takes place during a period beginning at 12:01 a.m. on the first Friday in August and ending at 12:00 midnight of the following Saturday. Eligible purchases of clothing and footwear are exempt from local option sales tax as well as Iowa state sales tax. Clothing means any article of wearing apparel and typical footwear intended to be worn on or about the human body. Clothing does not include watches, watchbands, jewelry, umbrellas, sporting equipment, and any special clothing or footwear designed primarily for athletic activity or protective use and not usually considered appropriate for everyday wear. A manufacturer’s coupon does not reduce the sales price of an item. Therefore, a manufacturer’s coupon cannot be used to reduce the selling price of an item to less than $100.00 in order to qualify for the exemption. However, store coupons and
