Sales tax holiday starts Wednesday

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Materials used in a trade or business are not exempt under the sales tax holiday.

This weekend gives parents an opportunity to receive some tax relief as their kids are preparing to head back to school.

If an item of clothing qualifies for the exemption under the "sales tax holiday", then all adjustment charges associated with that sale are exempt.

Arkansas' tax-free weekend will begin at 12:01 a.m. on Saturday, Aug. 4 and end at 11:59 p.m. on Sunday, Aug. 5.

You don't have to be a Missouri student or resident to get the sales tax exemption, which is good news for Kansas residents who don't have a tax-free period in the Sunflower State.

Personal computers are not listed as a part of 2018's holiday. For school supplies, each supply item must be $75 or less. The move is expected to cost the state almost $15 million in lost revenue.

Trump takes credit as U.S. economy grows at fastest pace since 2014
After next year, many economists expect growth rates to subside again, as the boost from tax cuts and federal spending dissipates. Excluding the tariffs-related bump, analysts estimate the economy probably grew at a 2.5 percent pace in the second quarter.

The holiday also applies to online purchases.

Clothing and footwear: $100 or less per item. We did see a lot more influx of that market.

State Sen. Rob McColley, R-Napoleon, expects Ohioans to save millions of dollars this year on back-to-school shopping.

Qualifying Energy Star or WaterSense products (must be purchased for noncommercial or personal use): $2,500 or less per item.

The tax-free weekend offers great savings on hundreds of items, but not everything is exempt, such as watches, radios, CD players, headphones, and sporting equipment.

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