Bill would make Aug. 11-12 a sales tax holiday
July 31, 2007 07:08 PM
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Bay State shoppers are one step closer to a tax-free holiday this summer.
A bill that would let consumers avoid paying the state’s 5 percent sales tax on the weekend of Aug. 11-12 is on its way to Governor Deval Patrick.
The bill won approval in the Senate after passing the House last week.
The tax break would apply only to purchases of up to $2,500. The state has approved similar tax holidays in each of the past three years.
A spokesman for Patrick said the governor supports the idea.
Backers of the bill say it’s a way to give a boost to businesses at a traditionally slow time of year.
Officials estimate the holiday would cost state government $30 million to $50 million in tax revenue.
(AP)







