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Each year, some U.S. states hold tax holidays -- short periods where state sales taxed are waived on selected items. Most often, these items are school-related, and the tax holiday is timed for ...
A tax holiday may be granted to particular activities, [2] in particular to develop a given area of business, [3] or to particular taxpayers. [4] Researchers found that on sales tax holidays, households increase the quantities of clothing and shoes bought by over 49% and 45%, respectively, relative to what they buy on average.
It's every shopper's favorite weekend of the year - tax free weekend is almost here in Massachusetts. This year, the sales tax holiday will take place on Saturday, Aug. 10 and Sunday, Aug. 11.
When Is Tax-Free Weekend in 2025? Tax-free weekends vary from state to state — and from purpose to purpose. For example, many states offer tax-free weekend sales exclusively for the back-to ...
Massachusetts Question 3, filed under the name, the 3 percent Sales Tax Relief Act, appears on the November 2, 2010 ballot in the state of Massachusetts as an initiative. The measure, if enacted by voters, would reduce the state sales tax rate from 6.25 to 3 percent. The measure was sponsored by the Alliance to Roll Back Taxes headed by Carla ...
Liquor retailers in the state had argued that the 6.25 percent sales tax on alcohol is making sales decline, that more people are heading to New Hampshire to buy their alcohol, since that state is tax-free. According to retailers, liquor sales in Massachusetts have declined from 10 to 40 percent in the past year. [7]
It's every shopper's favorite weekend of the year - tax free weekend is starts this Saturday, Aug. 10 in Massachusetts. This year, the sales tax holiday will take place on Saturday, Aug. 10 and ...
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.