Iowa, Neighboring States Take Advantage Of Sales Tax Holiday

News
KELO Money

Iowa’s annual sales tax holiday is wrapping up as people across the state – and plenty from neighboring states like Nebraska and Missouri – scramble to get their back-to-school shopping done.

The holiday is held the first Friday and Saturday in August, and exempts sales tax on clothing and footwear items priced under $100. The exemption ends at midnight Saturday.

Sales tax in Iowa ranges from 6 cents to 7 cents on every dollar, depending on location. So, shoppers spending $200 on clothes and shoes in Iowa this Friday and Saturday would save between $12 and $14 they would normally have to pay in sales tax.

The exemption does not include back-to-school supplies, like backpacks, notebooks, calculators or sporting equipment.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories


 

Don't Miss!

More Don't Miss

Our Contests

More Contests