LITTLE ROCK, Ark. – Arkansas families hoping to save money on back-to-school expenses can take advantage of the annual Aug. 2 & 3 sales tax holiday weekend.
State or local taxes will not be charged on certain items purchased that weekend for students getting ready for the new school year. The savings apply to purchases made online or in person, the latter provided they are shipped to an address in Arkansas.
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Many categories of items fall under the tax-free holiday, but two categories have per-item price limits. Clothing for back-to-school is tax-free as long as the individual item costs $100 or less. Additionally, accessories like watches, handbags, or jewelry are tax-free if they cost $50 or less.
State law mandates that any item priced above the limits for these two categories will be taxed on its full value, not just the amount exceeding the limit…