LEGISLATURE PASSES SALES TAX HOLIDAY BILL
Sets Tax-Free Weekend in August to Provide Relief to Massachusetts Residents
BOSTON – State Representative Joseph W. McGonagle (D-Everett) joined his colleagues in the Legislature to approve a bill creating a sales tax holiday on August 15 and 16, 2015. The legislation is designed to provide relief to consumers and increase sales for local businesses.
“The sales tax holiday is a shot in the arm for individuals, families and businesses alike,” said House Speaker Robert A. DeLeo (D-Winthrop). “While the Massachusetts economy is continuing to improve, folks are still facing tough fiscal times. By passing this legislation, we reaffirmed our commitment to helping hardworking families, particularly as the school year begins.”
“The summer sales tax holiday is a benefit to both consumers and businesses during a particularly slow period,” said Representative Joseph Wagner (D-Chicopee), House Chair of the Joint Committee on Economic Development. “Suspending the tax in August leads to an increase in sales at a time when retailers could use a boost and allows families to save on a variety of purchases, including back-to-school items.”
Representative McGonagle applauded the legislative action, noting that continuing this recent tradition is a win-win for everyone. “The sales tax holiday comes during a traditionally slow season for businesses and encourages shoppers to make purchases they may otherwise put off. It’s a great benefit to retailers and consumers alike,” he said.
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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