News

Sales tax holiday this weekend

Iowa?s annual sales tax holiday is this Friday and Saturday.


The Iowa Department of Revenue will make clothing and footwear tax exempt for those two days only. The tax holiday does not include Sunday.


The holiday is a great time for parents to do back-to-school shopping.


No sales tax, including local option sales tax, will be collected on sales of an article of clothing or footwear having a selling price less than $100. The exemption does not apply to items greater than $100.


The exemption applies to each article priced under $100 regardless of how many items are sold on the same invoice to a customer.


The Iowa Department of Revenue stated in a news release that the tax exemption applies to clothing for ?everyday wear,? and not what it considers clothing or footwear designed for athletic activity or protective use. Items that will still be taxed as normal include watches, watchbands, jewelry, umbrellas, handkerchiefs, sporting equipment, skis, swim fins, roller blades and skates.