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Sales Tax Holiday begins this Friday in Missouri

Holiday runs Saturday and Sunday in Arkansas

August 02, 2012|By Dustin Hodges, KY3 News | dhodges@ky3.com

LEBANON, Mo  -  Missouri's annual sales tax holiday begins tomorrow; shoppers will not have to pay state sales tax on school supplies. The sales tax holiday applies not only to things like pens and paper, but also clothing and computers and computer software.

Some cities are foregoing their tax as well. Businesses in Lebanon are hoping the extra little bit brings some of those out of town shopping dollars their way.

Ed Green expects big business at his computer store this weekend. "For us historically, it's been our largest sales day of the year and that includes Christmas," says Green.

That's because his products are in high demand when school begins. "Especially in the college years, it's more than a computer, it's a tool; it's a requirement for them to go to school to have that laptop, they use it as much or more than they do their books," says Green.

And with no city, county or state sales tax this weekend; Uncle Sam's loss is Ed's gain. "We look forward to it every year; we've been actually  having some people come in and do pre-orders, that way we make sure we have enough inventory," says Green.

"It promotes local purchasing and spending which is something that we really value a lot," says City Clerk Laina Starnes.

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So if you need to get a more expensive item like a new laptop and some accessories like a thumb drive and a mouse; that 7% savings can really add up. "For a lot of people they're planning on making this purchase before school anyway so they go ahead and make that trip down here to save that extra percentage," says Green.

Something the city says pays off in the end. "We're trying to make sure that our people stay local and spend here and also to be attractive to those that live outside the community; saying come here and spend your money," says Starnes.

Shoppers in Springfield will not be so lucky, the city is opting out of the holiday, as well as Nixa, Branson, and Joplin. That's just for waiving their city sales tax; the savings on the 4.225% state sales tax applies state-wide.

For a complete list of cities Opting Out of the sales tax holiday meaning YOU WILL HAVE TO PAY CITY SALES TAXES IN THESE CITIES; click here.

Arkansas is having its sales tax holiday this weekend as well; however it only runs Saturday and Sunday; NOT on Friday. The state sales tax in Arkansas is 6% compared to 4.225% in Missouri.

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