NEW: Massachusetts Legislature Passes Sales Tax Holiday Bill
Thursday, August 01, 2013
The Massachusetts Legislature today approved a bill to create a sales tax holiday on August 10th and 11th, marking the eighth year the Commonwealth will provide a two-day sales tax exemption announced Senator Michael O. Moore (D-Millbury). The legislation is designed to increase sales for local businesses and provide relief to consumers, particularly as families prepare for a new school year.
“The sales tax holiday is an opportunity to help families and businesses across the Commonwealth, as well as continuing efforts to improve the state’s economy,” said Senator Moore. “The holiday provides a critical end-of-the-summer boost for businesses and helps relieve families of financial burden as they prepare to send their children back to school. This is an economic win-win for families, businesses and the Commonwealth alike.”
As in previous years, the sales tax holiday will apply to purchases under $2,500. It excludes vehicles, motorized boats, tobacco, meals and utilities.
The bill now goes to the Governor for his signature.
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