Tuesday, July 24, 2012

Statewide Sales Tax Holiday Coming Up This Weekend

Mississippi's statewide sales tax holiday starts on Friday, July 27 and ends at midnight on Saturday, July 28. According to the Mississippi Sales Tax Holiday passed in the 2009 Legislative Session, sales tax is not due on the sale of articles of clothing or footwear if the sales price of a single item is less than $100.00. The legislation was passed to ease the financial burden for families with children returning to school.

The tax savings applies only to articles of clothing and footwear and there are a number of restrictions. For example, layaways are only included if paid for during the tax free period. 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 $100.00 threshold.

Also, accessories such as jewelry, backpacks and purses are not included as tax free. To get full information on the Tax Free Holiday, download the attached pdf from the Ms. Department of Revenue by clicking here.




W. McCully

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