SALES TAX HOLIDAY WEEKEND APPROVED! Set for August 10th & 11th

Legislation designating Saturday, August 10th and Sunday, August 11th as a Sales Tax Holiday weekend has been passed by the Legislature and is now awaiting Governor Patrick’s signature. The Governor has previously stated that he will sign the holiday weekend into law. RAM urges all members to thank the Governor, Senate President Therese-Murray, Speaker of the House. Robert DeLeo and all of the members of the State Senate and House of Representatives for their support of the 2013 holiday and the Massachusetts retail community!

During the two day holiday weekend, no sales tax will be charged on purchases that meet the following criteria:

• Purchases must be for personal (non-business) use;
• single-item prices must be $2,500 or less; and
• purchases must be made on either August 10th or 11th, 2013.

Prior sales, layaway sales, and sales of telecommunications services, tobacco products, gas, steam, electricity, motor vehicles, motorboats, meals, and items priced over $2,500 are exempt from the holiday and remain subject to the sales tax.

RAM is again working closely with the MA Department of Revenue (DOR) on the execution of the holiday law. A Technical Information Release (TIR) providing retailers and consumers with specific rules and guidance on the implementation and operation of the holiday will be released by the DOR and posted on the RAM website, where you can also view a helpful list of Frequently Asked Questions (FAQs). Visit the site at www.retailersma.org.

AGAIN, PLEASE THANK YOUR LEGISLATORS AND GOVERNOR PATRICK FOR THEIR SUPPORT OF THE SALES TAX HOLIDAY!

[source: Retailers Association of Massachusetts]

Category: Massachusetts State Information