By Sarah Ulmer, Magnolia Tribune
Shoppers can take advantage of the sales tax-free buys on clothing and school supplies while also supporting their community’s local small businesses.
This weekend, Mississippi shoppers can enjoy a tax-free holiday, just in time for those back-to-school clothes, shoes, and supplies.
Dawn McVea, NFIB State Director for Mississippi, says this weekend is a great chance for customers to make purchases that will also help local businesses.
“When you support Main Street businesses, you’re supporting Mississippi’s job creators,” said McVea. “You’re supporting the businesses that do so much to support their communities throughout the year.”
Small businesses account for 99.3% of Mississippi’s businesses, according to the 2022 Small Business Profile.
The holiday was implemented after the Mississippi Legislature passed a bill in 2009 that was later amended in 2019. The tax exemption on certain items applies to purchases made in person, by mail, telephone or internet. However, there is a $100 cap for single item purchases.
Senator David Parker (R), who Chairs the Economy and Workforce Development Committee in the Senate, has been a supporter of tax breaks across the board. He said this holiday is a chance to provide a financial break for families in a particularly expensive time of year.
“Certain times of the year predictably add financial burden to a large portion of our Mississippi population. One of these times is the start of school after summer break,” said Parker. “Lt. Governor Hosemann, myself, and my fellow legislators are happy to offer a tax-free weekend as so many are making plans to return to school and to work in our schools.”
Parker went on to add that he and other members of the Legislature hope to continue to offer further breaks in taxation over the coming years.
While inflation and labor quality continue to be concerns for small businesses, weekends like the tax-free holiday offer a boost in sales as consumers take advantage of the tax relief.
“Inflation has taken a toll on Mississippi’s families, and it’s taking a toll on its small businesses, too,” McVea said. “By shopping small this weekend, you’ll help the local economy. You’ll support the businesses owned by your friends and neighbors. You’ll help local businesses that sponsor our children’s sports teams, support local charities, and are always there for their communities.”
The holiday will take place from 12:01 a.m. on Friday to midnight on Saturday, July 29.
To learn more about the Sales Tax Holiday in Mississippi, click here to see the Official Guide from the Mississippi Department of Revenue.
Comment
Comments