Saturday, 2:15 PM
Mark your calendars: Sales tax holiday sails through Legislature
By Globe Staff
Both houses of the Legislature today approved a sales-tax holiday proposal. The next stop: the desk of the governor, who has promised to sign it.
The proposal is expected to be a boon to bargain-conscious shoppers and a boost to retailers in the slow month of August. During the two-day event on Aug. 16 and Aug. 17, the state's 5 percent sales tax would not apply on purchases up to $2,500.
This would be the fifth year in a row for the holiday. Last year, consumers flocked to stores across the state and were welcomed by merchants.
"The sales tax holiday is important to Massachusetts consumers as well as businesses. We have seen over the last four years the sales tax holiday's repeated success. With prices rising across the Commonwealth, the tax-free weekend is something we can do to help consumers as well as boost the economy," Representative John Binienda, a Worcester Democrat who is the chairman of the House Committee on Revenue, said in a statement.
Governor Deval Patrick said Monday that if the Legislature passed a sales-tax holiday bill, he would sign it.
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