Every year I like to compile a list of state sales tax holidays. This year I’ll be doing a series of posts highlighting the various states which have state sales tax holidays. Each state will have a separate post, with links to additional information and a basic description of that particular state’s sales tax holiday regulations.
The first state with information for 2007 is Iowa. Iowa has a standard state sales tax of 5%. Local communities can also impose local taxes. So, if you purchase items during the tax holiday, you will save an automatic 5%. In some cases you could save as much as as 7%, including state and local taxes.
Iowa State Sales Tax Holiday Details:
Dates: August 3-4, 2007
Items Exempt: Clothing and Shoes priced under $100 PER item.
More Information: Iowa State Tax Holiday Main Site, PDF For Details, PDF For Items
I’ll post more information for mores states as they update their official sites.
Rather than spending time in Iowa for two days, just make your purchases in Minnesota, where every day is a tax holiday from clothing and food purchases.
From Wikipedia:
Minnesota has a 6.5% state sales tax. Food and Clothing are exempt from this tax. Municipalities may be allowed by the State Legislature to institute local option taxes. An additional 0.5% is imposed in St. Paul and Minneapolis, bringing the total sales tax to 7%. As of Jan. 1 2007 an additional 0.15% will be imposed by Hennepin County to finance the new Minnesota Twins stadium.