Texas County residents will be able to save money, conserve energy and stimulate the economy by participating in the first “Show-Me Green Sales Tax Holiday,” which runs through Saturday.
The holiday means a savings of at least 4.225 percent to people who purchase new ENERGY STAR (r) qualified appliances in Missouri during the holiday. The reduced price represents the elimination of the state’s sales tax from the purchase.
Gov. Jay Nixon noted the many benefits of the new tax holiday.
“Consumers win because they will get a discount on some appliances, and they will save money on their future utility bills,” Gov. Nixon said. “Appliance dealers win because they will sell more products and get much-needed foot traffic into their stores. And everyone wins when we improve our environment by using energy more efficiently. It’s a win-win-win situation.”
This is the first year the holiday has been implemented, and it will be held the same time in future years.
“Anyone who buys a qualified appliance in Missouri will be exempt from paying the state sales tax,” Mitchell said.
Mitchell stressed that to qualify for the tax savings, the appliances have must have the ENERGY STAR label on them. ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy. The program allows manufacturers of appliances to voluntarily label selected appliances if they meet certain criteria. The goal is to promote appliances that perform as well or better than similar appliances while using less energy. The program has saved businesses and consumers billions of dollars since its inception in 1992.
Additional information regarding the Show-Me Green Sales Tax Holiday can be obtained at http://dor.mo.gov/tax/business/sales/taxholiday/green/ or e-mail at: salesuse@dor.mo.gov.