Tuesday, July 28, 2015

Time to Act on the Sales Tax Free Holiday Weekend

My office distributed the following press release regarding the tax free weekend bill today.

Boston- With the Legislature prepared to follow a planned month long break from formal sessions, Senate Minority Leader Bruce Tarr (R-Gloucester) wants to make certain that consumers and retailers have an opportunity to engage in a weekend free of state sales tax.

The Senate adopted legislation, sponsored by Senator Tarr, designates August 15 and 16 for suspension of the collection of sales tax on items less than $2,500.

 “We know that the Sales Tax Holiday will put people to work, save consumers money, and generate economic activity during a traditionally slow period,” said Senator Tarr. “In simple terms, this is a win-win-win situation and we should make certain that we deliver this bill to the Governor’s desk.”

Retailers report that the retail sector employs 17% of all workers in the state and that the tax holiday generates additional work opportunities, increased staff income, and enhanced numbers of buyers. They say that consumer spending rises in Massachusetts during the tax holiday and dampens sales that might otherwise migrate to New Hampshire or online. The Senate adopted the tax holiday bill on July 15. The legislation is now pending before the House of Representatives.