Thursday, July 29

Tax Holiday for Back-to-School Shoppers

Here is what is available in both Illinois and Missouri:

- Illinois: On Aug. 6-15, footwear and clothing with a sales price of less than $100 per item and school supplies will be exempt.

- Missouri: On Aug. 6-8, noncommercial purchases of clothing (but not accessories) with taxable value of $100 or less per item; school supplies up to $50 per purchase; computer software with taxable value of $350 or less; computers and computer peripherals up to $3,500 are exempt. Localities may opt out. If less than two percent of a retailer’s merchandise qualifies, the retailer must offer a refund of sales tax paid if the customer requests one, in lieu of the tax holiday.

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