Iowa sales tax holiday is August 7-8
Iowa’s Annual Sales Tax Holiday will take place Aug. 7-8, exempting clothing and footwear purchases under $100 from the state’s 6% sales tax and 1% local option sales taxes. The annual holiday — a feature in 20 other states — gives consumers some relief from sales taxes. Proponents of the holiday argue that it helps economic growth because it increases retail activity. Opponents of the holiday point to a study that says it does not help economic growth because consumers would have shopped at different times. Kathrien Loughead, the vice president of State Tax Policy, said ...