Back to school time is just around the corner. In fact some Phillips County, Arkansas, students will be back in the classroom as early as Aug. 7.
However, before the school bells start ringing, parents and students will be headed to local stores to pick up those much needed school supplies for the 2017-2018 school term. In order to relieve some of the financial burden of the expense of going back to school, the state of Arkansas will observe its annual sales tax holiday.
This marks the seventh year for the Arkansas Sales Tax Holiday.
This year's sales tax holiday will get underway beginning at 12:01 Saturday, Aug. 5 and continuing until 11:59 p.m. on Sunday, Aug. 6. During this 48-hour period, state and local sales and use taxes will not be collected on certain items.
The maximum local sales tax rate in Phillips County is 10.5 percent, among the highest in the state. Forty-eight of Arkansas's 75 counties have local sales tax rates below 10 percent.
The sales tax exempted items include: clothing and footwear that's sales price is less than $100 per item; clothing accessories and equipment if the sales price is less than $50 per item; school supplies; school art supplies; and school instructional materials.
According to the Arkansas Department of Finance and Administration all retailers selling tax exempt eligible items are required to participate.
Each year, lots of Phillips County shoppers take advantage of the Arkansas Tax Holiday to save a little money by purchasing their back-to-school necessities with the sales tax suspension. To help shoppers make their trip to the store just a little more convenient, this year The Helena World is providing school supply lists from each of Phillips County's public and private schools beginning with this week's edition.
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