Sales Tax Holiday Weekend Kicks Off
BOSTON (AP) — Massachusetts residents will get a break from the state’s 6.25 percent sales tax this weekend, thanks to legislation signed by Gov. Deval Patrick.
A recent annual tradition in the state, the sales tax holiday will begin on Saturday and last through Sunday.
WBZ NewsRadio 1030’s Kim Tunnicliffe reports
During the event Massachusetts shoppers will be able to buy certain items, costing up to $2,500, tax-free. Restaurant meals and tobacco will not be tax exempt.
Housing and Economic Development Secretary Gregory Bialecki said he believes the tax holiday will help Massachusetts businesses boost their revenues during a time when sales are typically low.
Bialecki said the state looks to give up an estimated $20 million in tax revenue during the two-day long event.
Copyright 2012 The Associated Press.