The 12th annual Iowa Sales Tax Holiday will be held Friday and Saturday, August 5 and 6, 2011. Qualifying clothing or footwear with a selling price of less than $100 will be exempt from sales and local option tax. The holiday does not include Sunday. Businesses that are open on these days and sell qualifying items are required to participate.
Lists of taxable and exempt items are available on the Iowa Department of Revenue Web site at http://www.iowa.gov/tax/educate/holiday1.html . Information on how to apply the tax to layaway and mail order items, rain checks, gift certificates, coupons, and exchanges is also available.
Qualifying items include:
- Clothing and footwear considered appropriate for everyday wear such as shirts, pants, caps/hats, socks, shoes, sandals, underclothing
- Uniforms for work and school
- Adult and baby diapers
- Coats
- Bathing suits
- Leotards and tights
- Costumes
Items that remain taxable on these two days include:
- Computers
- Backpacks
- School supplies
- Jewelry
- Fabric
- Special clothing or footwear designed primarily for athletic activity or protective use and not usually considered appropriate for everyday wear
|
Basics & Beyond,
Inc. is registered with the National Association of
State Boards of Accountancy (NASBA) as a sponsor of
continuing professional education on the National Registry
of CPE Sponsors. State boards of accountancy have final
authority on the acceptance of individual courses for
CPE credit. Complaints regarding registered sponsors
may be addressed to the National Registry of CPE Sponsors,
150 Fourth Avenue North, Nashville, TN, 37219-2417.
Web site: