Retailers, shoppers ready for Sales Tax Holiday
Schools will be back in session in the next week and that means getting new clothes, shoes, and supplies for your back-to-school students.
The state of Mississippi each year has a Tax Free Holiday where state sales tax is not charged for items that are priced at less than $100 for one item.
This year’s state Tax Free Holiday will be from 12:01 a.m. on Friday, July 28 to 12 midnight on Saturday, July 29.
The Tax Free Holiday was enacted by the state legislature in 2009 and amended 10 years later in 2019. By definition, “Clothing” is any article of apparel designed to be worn on the human body including pants, shirts and blouses, dresses, coats, jackets, belts, hats, undergarments, and multiple piece garments sold as a set.
“Footwear” is any article of apparel for human feet except for skis, swim fins, roller blades, skates, and any similar items.
“Accessories” such as jewelry, handbags, luggage, umbrellas, wallets, watches, briefcases, and similar items do not qualify for the Sales Tax Holiday.
“School Supplies” means items that are commonly used by a student in a course of study.
Sales of eligible items that were placed or ordered by mail, telephone or the internet are not subject to sales tax if the purchaser orders and pays for the items during the Sales Tax Holiday, and the items are less than the $100 threshold.
You can learn more, including a list of eligible items, when you CLICK HERE.
