Fayetteville Arkansas, University of Arkansas--Old Main Overview

Fayetteville Arkansas, University of Arkansas--Old Main Overview
Overview of Fayetteville, AR

Monday, July 30, 2012

Arkansas State Sales Tax Holiday – Don't Miss It!

This coming weekend is the one time each year where anyone in Arkansas can purchase a multitude of items without paying sales tax. The offer is good for two days only: Saturday and Sunday, August 4-5, 2012. That’s 48 hours starting at 12:01 a.m. Saturday and ending at 11:59 p.m. Sunday night.

Surrounding states have enjoyed similar sales tax holidays and Arkansans living near a state line would often take their money to merchants out of state. Obviously, Arkansas did not receive sales tax on those purchases. But it also meant Arkansas merchants could not compete on an even basis.

That’s why it is such a good thing that Arkansas passed a law giving our residents and merchants the same opportunity. The sales tax holiday is primarily meant for back-to-school supplies and clothing. However, the categories are so broad, people from all walks of life can avail themselves for two days of buying without sales tax added on.

Here’s a brief list of eligible purchases:

• All the usual school supplies, including calculators and art supplies, without limit.
• All clothing, footwear, underwear, coats and jackets, swimsuits, up to $100 per item.
• Diapers, disposable and non-disposable.
• Jewelry, handbags, briefcases, sunglasses, accessories, hair notions, cosmetics, up to $50 per item.
• Wedding apparel, up to $100 per item.

Here’s a complete list, but also note that there are still items that remain taxable.
Get your shopping lists prepared. This bonanza will not be back until August 2013!

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