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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. [5]
This year, the sales tax holiday will take place on Saturday, Aug. 10 and Sunday, Aug. 11. ... Other things to know about MA's tax free weekend: Layaway sales do not qualify for the sales tax holiday.
This year, the sales tax holiday will take place on Saturday, Aug. 10 and Sunday, Aug. 11. ... Other things to know about MA's tax free weekend: Layaway sales do not qualify for the sales tax holiday.
Massachusetts has a 6.25% state sales tax on most goods (raised from 5% in 2009). There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town).
Massachusetts Sales Tax Relief Act; P. 1980 Massachusetts Proposition 2½ ... This page was last edited on 4 October 2009, at 09:20 (UTC).
According to press reports, the state department of revenue last year estimated that it gave up $14.5 million during the its back-to-school tax holiday and $1.7 million during its November tax ...
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]