Saving before school
Statewide sales tax-free holiday runs Friday and Saturday
Families statewide will be able to buy clothing, shoes and some accessories free of sales tax this weekend, and the annual Iowa Sales Tax Holiday comes just in time for back-to-school shopping.
“It’s a great opportunity to support our local businesses and get ready for back-to-school,” said Marshalltown Area Chamber of Commerce Executive Director Lynn Olberding.
She said some businesses in Marshalltown are moving toward a back-to-school push as August begins. Many area schools start within the next month.
The tax holiday, which runs from 12:01 a.m. Aug. 5 to midnight Aug. 6, applies to select clothing and footwear that sell individually for less than $100. There are several items exempt from the tax holiday, and the Iowa Department of Revenue has more information on such items.
While the holiday presents an opportunity to save money on kids’ clothing items before they head back to class, adults can also buy themselves some needed clothing items.
Olberding said the holiday will benefit Marshalltown businesses and customers.
“I think this is a good opportunity for people to take advantage of the charge that the chamber put forth last year right around the holidays, which was to ‘Think Local First,'” she said. “Are you able to make those purchases locally? If the answer is yes, then we encourage you to do that to support local businesses and keep those dollars in Marshalltown.”
Opting to shop in Marshalltown Friday and Saturday could also save customers drive time and gas money.
Olberding said the money used to purchase items in town is often re-invested into the community.
“Those local businesses are supporting things we have going on throughout Marshalltown,” she said. “This is a great opportunity for the community to show them that we support their businesses.”
The tax holiday was enacted by the state legislature in 2000 and has run every year during the first Friday and Saturday of August. Local option sales taxes as well as the state sales tax will be suspended during the period.
“By keeping those purchases in town, you’re supporting your neighbors and you’re supporting the businesses,” Olberding said.
For more information on the tax holiday and exempted items, go to https://tax.iowa.gov/iowas-annual-sales-tax-holiday
Contact Adam Sodders at (641) 753-6611 or firstname.lastname@example.org