If Approved, Mass. Shoppers Will Enjoy Tax Holiday Weekend in August

Waiting to buy that new big-screen TV, a computer or school clothes for the kids?

Shoppers might be looking forward to a sales tax free holiday weekend in Massachusetts on Aug. 15 and 15, when the collection of sales tax on items less than $2,500 is suspended, if the legislation passes.

“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 Minority Leader Bruce Tarr in a statement. “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.”

According to the announcement, retailers have reported that the retail sector employs 17 percent of all workers in the state and that the tax holiday generates work opportunities, increases staff income and brings in more buyers. They also say that consumer spending increases, and that it dampens sales on shoppers who might otherwise travel to New Hampshire.

The Senate adopted the tax holiday bill on July 15. The legislation is now pending before the House of Representatives.

Many shopping sites, such as offers.com, are waiting to update sites with sales pending the approval.

Bankrate.com notes that legislators have traditionally “waited until the last minute to approve the holiday,” and lists the terms of the holiday here if approved.