Thursday, August 05, 2010
Save by shopping tax-free
Fifteen states will suspend sales tax on certain merchandise types this month as many consumers are beginning their back-to-school shopping.
In Iowa, the 11th annual sales tax holiday takes place Friday and Saturday, August 6 and 7. Iowa rules dictate that clothing and footwear with a sales price of less than $100 per item are exempt. Accessories, rentals, athletic or protective clothing are some of the exclusions. (ConsumerReports.org)
Illinois residents have a slightly longer period in which to take advantage of the sale, with dates stretching from August 6-15, whereby footwear and clothing with a sales price of less than $100 per item and school supplies will be exempt. This is the first year Illinois in participating in such an event. (ConsumerReports.org)
For a complete list of exemptions in Iowa, click here. For Illinois tax free information and exemptions click here.
For a list of other states with holidays and event details click here.