NFIB State Director Dawn McVea Says Upcoming Back-to-School Sales Tax The holidays are a good opportunity for people supporting local businesses affected by the COVID-19 recession. MississippiThe tax exemption on clothing, shoes and school supplies is from July 30 to July 31..
“Our economy is better than last summer, but many local stores are still on the mend,” McVea said. “Our hope is that people will remember that the sales tax exemption applies to local businesses, as well as chain stores, and that they will support the independent small businesses that contribute so much to the Mississippi economy.”
Small businesses represent 99.3% of all businesses in the state, and employ 46.5% of the Mississippi workforce, according to the US Small Business Administration. An American Express study found that 67 cents of every dollar spent on a small business stays in the community and creates an additional 50 cents in local business when employees and owners purchase local goods and services.
“Small businesses are really the engine that drives the Mississippi economy,” McVea said. “We must do everything we can to help local merchants get through these tough times.”
The National Federation of Independent Business is the nation’s leading small business advocacy organization. For more information about NFIB in Mississippi, visit www.NFIB.com/MS.