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Tax-Free Weekend Could Return to Massachusetts Aug. 13-14

By July 26, 2011

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Another tax-free weekend could be on the way for Massachusetts.

According to the Associated Press, lawmakers are considering a tax holiday that would suspend the 6.25 percent sales tax on most items sold for less than $2,500. This year's tax-free weekend will reportedly be held Aug. 13-14.

That's good news for both consumers and retailers. The AP points out that sales during past tax-free weekends have reached upwards of $500 million as compared to the $100 generally seen over the same periods.

Of course, there are some exceptions. Here are some things to keep in mind.

Comments

July 26, 2011 at 10:31 am
(1) Chuck says:

My only question about the Tax Free Holiday is who is affected by the loss in tax revenue? It is obviously not the people in government. Is it Public Education, Fire or Police?

Honestly we should think about this and understand what we may be losing to gain a little less tax for two days. I would hate to see the elimination of some needed state funding for our schools so we can have no sales tax for a couple of days.

July 26, 2011 at 10:25 pm
(2) economist says:

according to cfa, taxs are inefficient. hurts everyone.
if theres no bussiness growth from derived demand of consumption, there will be much less taxes to be collected in teh overall economic in the long run. your looking at a 1 day scope versus 1-3 year gains of this incentive

July 28, 2011 at 10:45 am
(3) mike says:

hmmm lets see the government thinks it a good idea to eliminate taxes for 2 days to boost sales. But thinks its a good thing to raise it the rest of the year.here is an idea lower the tax year round!

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