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Show-Me Green Sales Tax Holiday on Energy Star Appliances
Missouri is once again offering a sales tax holiday on Energy Star appliances. The 2010 tax holiday runs April 19 through April 25. During the tax holiday, anyone, including residents from neighboring states, may purchase qualified Energy Star appliances without paying Missouri’s 4.225 percent sales tax. In addition, several Missouri counties, cities, and districts will also participate in the program by waiving their local sales tax on qualified purchases. The sales tax exemption applies to the first $1,500 of the purchase price for each appliance.
The following Energy Star rated appliances qualify for the sales tax exemption:
- clothes washers
- refrigerators
- freezers
- dishwashers
- water heaters
- furnaces
- air conditioners
- heat pumps
Energize Missouri Appliance Rebate Program
Also beginning April 19, in conjunction with the sales tax holiday, the Energize Missouri Rebate Program will enable Missouri residents to receive cash rebates in an amount up to $575 on Energy Star qualified appliances. An estimated 48,000 rebates with a total value $5.67 million is allocated to the Rebate Program. The Rebate Program will terminate when all of the allocated funds have been disbursed. This is a cash rebate issued by the Missouri Department of Natural Resources. This is not a tax credit.
Energy Star appliances included in the following product categories are eligible for the Rebate Program:
- gas furnaces
- central air conditioning
- air source heat pumps
- water heaters – electric heat pumps
- water heaters – high efficiency gas storage
- water heaters – gas tankless
- water heaters – solar (electric or gas back-up)
- clothes washers
- dishwashers
IRS Circular 230 Notice
To the extent this client alert within it concern tax matters, the information is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law or in promoting, marketing, or recommending to another party any transaction or matter addressed.
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