Thursday, July 3, 2014

Massachusetts Senate passes sales tax holiday on Aug. 9 and 10

The Senate voted on Tuesday to authorize a sales tax holiday to be held on Aug. 9 and 10. Throughout the holiday weekend, the 6.25 percent sales tax will not be applied to certain purchases up to $2,500.

Richard Ross
Rep Sen - Wrentham MA
The holiday will save Massachusetts consumers nearly $25 million, according to State Sen. Richard Ross, R-Wrentham.

"The sales tax holiday always provides an incredible relief to our hardworking taxpayers in the summer months," said Sen. Ross. "I'm glad the Senate was able to pass this amendment to drive economic growth, stimulate small businesses, and especially help Massachusetts consumers."

The sales tax holiday does not apply to certain purchases, including restaurant meals, tobacco, telecommunications, gas, steam, electricity, motor vehicles or boats.
Sen. Ross additionally joined with the Senate in passing legislation on Tuesday to promote economic development and provide incentives to create jobs and stimulate the commonwealth's economy.

The Senate bill and the House bill, passed June 11, will now go to a conference committee to produce a compromise bill for final passage and consideration of Gov. Deval Patrick.

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