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It's a holiday!

August 06, 2010

The Iowa Sales Tax Holiday runs today and tomorrow. Billed as a "back to school" event, it actually applies to all sales of clothing or footwear at a price under $100. The Department of Revenue tax holiday webpage clarifies:

"Clothing" means...

* any article of wearing apparel and typical footwear intended to be worn on or about the human body.

"Clothing" does not include...

* watches, watchbands, jewelry, umbrellas, handkerchiefs, sporting equipment, skis, swim fins, roller blades, skates, and any special clothing or footwear designed primarily for athletic activity or protective use and not usually considered appropriate for everyday wear.

As long as you are reasonably thrifty, you can find a nice outfit to wear to go shopping for another state's tax holiday -- for example, the South Carolina sales tax holiday on guns.

20080701-3.jpg

Flickr photo by k@t marsh

Kay Bell has a useful list of state sales tax holidays. The Tax Foundation has a useful discussion of why they are bad tax policy.

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