Business Leaders Want MO Tax Holiday to be Annual Event
By Matt Sepic, KWMU
St. Louis – Business leaders in Missouri say this past weekend's sales tax holiday was a success. Now, they want it to be a yearly occurrence.
The three-day tax holiday was a one-time only event. It would take another act of the state Legislature to do it again.
Missouri Chamber of Commerce President Dan Mehan says next time, lawmakers should make it permanent.
"It's really an economic shot in the arm for the state," Mehan said. "The sales tax that you give up actually nets you more as a result of more and more purchases."
It will be hard to tell the effect of the tax-free weekend.
That's because businesses report other sales tax exemptions, from nonprofit groups for example, along with those from the holiday.