NECN covers Question #3 in light of Sales Tax Holiday
(NECN: Tom Langford – ) – Saturday is the start of a sales tax holiday in Massachusetts.
Shoppers are expected to make millions of dollars in tax-free purchases this weekend
The Massachusetts Retailers Association says stores are expected to see about five times the business of a normal August weekend, meaning hundreds of millions in added revenue.
With each item up to $2,500 tax exempt, retailers expect to move a large amount of stock consumers have been saving up to buy – like appliances, furniture and home improvement supplies.
Even liquor stores anticipate a boost in business, just a year after the state first slapped them with the added tax.
NECN reporter Tom Langford is at the North Shore Mall in Peabody and has more on the story.Email to a Friend
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