In a bold move that underscores the state’s commitment to the Second Amendment, Mississippi is set to provide a tax break this weekend on all purchases of firearms, ammunition, and select hunting supplies. Dubbed the Second Amendment Sales Tax Holiday, the event kicks off on Friday, August 25, offering a unique opportunity for hunting enthusiasts and gun owners to make significant savings on their purchases.
Unlike the previous month’s tax-free holiday, which was aimed at back-to-school shoppers and had a price limit on items, this tax-free event is distinctive in its approach. The Mississippi Department of Revenue has outlined the items eligible for tax savings, and interestingly, there is no price limit on these items. The tax-free period also extends one day longer than usual, starting from 12:01 a.m. on Friday and ending at Sunday midnight, giving shoppers an extended window to make their purchases.
Mississippi Launches Second Amendment Sales Tax Holiday
Mississippi is set to provide a tax break this weekend on all purchases of firearms, ammunition, and certain hunting supplies. The tax relief event, known as the Second Amendment Sales Tax Holiday, will kick off on Friday, August 25.
Tax-Free Shopping: What’s Eligible?
The Mississippi Department of Revenue has provided a detailed outline of which items are eligible for tax savings. Unlike the tax-free holiday last month, which targeted back-to-school shoppers, this one does not impose a price limit on items. Therefore, any eligible item from the state’s list can be bought tax-free, regardless of its price.
Extended Tax-Free Period
Notably, this tax-free period is one day longer than the previous one. Shoppers can benefit from the tax relief starting at 12:01 a.m. on Friday and ending Sunday at midnight.
Retailers are looking forward to the tax-free weekend, suggesting it could be an opportune time for consumers to get a head start on their holiday shopping.
This tax-free event is a significant opportunity for both consumers and retailers. For consumers, it’s a chance to make substantial savings on firearms, ammunition, and certain hunting supplies. For retailers, it’s a potential sales boost during a typically slow summer period. As the holiday does not impose any price limit on eligible goods, high-ticket items will likely be an area of focus for both buyers and sellers. It’s also worth noting the tax-free period’s extension to three days, giving consumers more time to make purchases. Overall, this Second Amendment Sales Tax Holiday could provide a much-needed stimulus for Mississippi’s economy.