Friday, August 5, 2011

You should totally buy a laptop and socks this weekend

Posted By on Fri, Aug 5, 2011 at 2:00 PM

School supply purchases will go untaxed this weekend
  • School supply purchases will go untaxed this weekend
This weekend would be a good time to update your underwear drawer or replace the laptop with the lunatic hard drive. Certain items of clothing, school supplies and computers are exempt from sales taxes in Missouri on Friday, Saturday and Sunday.

The three-day, back-to-school sales tax holiday is a product of state law. Most counties and cities in Missouri are also participating in the program. We bought some socks at the midtown Costco this morning. The register charged $0.00 in sales taxes.

Though Kansas City, Independence, Liberty and Lee's Summit are all taking part in the holiday, area shoppers may still find a small tax at the bottom of their receipts. Here's why:

There are dozens of shopping districts around the state that charge a tax on top of the taxes collected by state, county and city governments. In some instances, the money goes into a fund that pays for nearby road improvements. In other instances, the merchants use the money to pay for landscaping or marketing expenses. The Independence Events Center was built with bonds backed by a half-percentage-point sales tax charged at businesses that comprise a "community improvement district" around the arena.

Some of these special districts are not participating in the sales tax exemption. The Independence Events Center CID is on the list of shopping areas taking a holiday from the holiday. If we had bought the same socks at the Costco on East Valley View Parkway this morning, the register would have required that we pay tribute to the hockey arena, whose bond holders don't care that school is about to start.


Follow The Pitch on Facebook and on Twitter @pitchplog.

Tags: , , ,

Comments

Subscribe to this thread:

Add a comment

Most Popular Stories

All contents ©2014 Kansas City Pitch LLC
All rights reserved. No part of this service may be reproduced in any form without the express written permission of Kansas City Pitch LLC,
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.

All contents © 2012 SouthComm, Inc. 210 12th Ave S. Ste. 100, Nashville, TN 37203. (615) 244-7989.
All rights reserved. No part of this service may be reproduced in any form without the express written permission of SouthComm, Inc.
except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.
Website powered by Foundation