Sales Tax Holiday is back! Just in time for back to school shopping!

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Mississippi’s 2021 Sales Tax Holiday is this weekend. It takes place between 12:01 A.M. Friday, July 30th and Midnight Saturday, July 31st.

According to the Mississippi Sales Tax Holiday, Miss. Code Ann. Section 27-65-111(bb), passed in the 2009 Legislative Session and amended in 2019 Legislative Session, sales tax is not due on the sale of articles of clothing, footwear, or school supplies if the sales price of a single item is less than one hundred dollars ($100.00).

National Federation of Independent Business (NFIB) State Director Dawn McVea says the upcoming back-to-school sales tax holiday is a good opportunity for people who support local businesses impacted by the COVID-19 downturn. 

“Our economy is better than it was last summer, but a lot of local stores still are still recovering,” McVea said. “Our hope is that people remember that the sales tax holiday applies to local businesses as well as the chain stores and that they’ll support the small, independent businesses that contribute so much to Mississippi’s economy.”

Small businesses account for 99.3% of all businesses in the state, and they employ 46.5% of Mississippi’s workforce, according to the U.S. Small Business Administration. A study by American Express found that 67 cents of every dollar spent at a small business stays in the community and creates an additional 50 cents in local business activity as employees and owners purchase local goods and services. 

“Small business really is the engine that drives Mississippi’s economy,” McVea said. “We should do everything we can to help local merchants get through these difficult times.” 

In addition, sales of eligible items 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.

Click here to see definitions, guidelines, and the full list of eligible and non-eligible clothing, footwear, and accessories.

The post Sales Tax Holiday is back! Just in time for back to school shopping! appeared first on SuperTalk Mississippi.