August 11, 2005
ROMNEY, DIMASI, HART PROMOTE TAX-FREE SHOPPING WEEKEND
BOSTON – Governor Mitt Romney today joined Speaker Salvatore F. DiMasi and State Senator Jack Hart to encourage shoppers to take advantage of the tax-free holiday weekend this Saturday and Sunday.
"Taxes in Massachusetts have the weekend off," said Romney during a visit at the shopping plaza in Landmark Center. "This upcoming sales tax holiday, consumers can enjoy savings at a range of shops from major retailers to their favorite mom-and-pop stores."
"This is our way of saying thank you to Massachusetts consumers and businesses," said Speaker DiMasi. "For the second year in a row, shoppers get to save and retailers get to increase their bottom line. It will be a great weekend for everyone."
The upcoming sales tax holiday weekend exempts individuals from paying the state’s five percent sales tax on purchases up to $2,500. Automobiles, motorized boats, utility payments, tobacco products and meals are excluded from tax-free shopping.
"The sales tax holiday boosts the Massachusetts economy during a typically slow time of year," said Hart. "After last year’s tremendously successful tax-free day, we’re pleased to reward consumers with a weekend of savings."
The Department of Revenue estimates that consumers will save more than $14 million in sales tax and retailers will generate about $300 million in sales during the tax-free weekend.
Last year, consumers saved over $10 million dollars in sales tax on a single tax-free shopping day.
"The sales tax holiday in Massachusetts is among the most generous in the nation and we are hopeful that consumers will take advantage of the holiday this weekend," said Jon Hurst, President of the Retailers Association of Massachusetts."
For more information on the sales tax holiday weekend, visit the Department of Revenue’s website at www.mass.gov/dor.
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