Tax holiday

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Tax holiday

A reduced tax rate that a government provides as an inducement to foreign direct investment.

Tax Holiday

A temporary suspension of a tax, especially a sales tax. Jurisdictions declare tax holidays at certain times of the year on the theory that doing so will stimulate consumer spending and thereby induce economic growth. Some U.S. states routinely declare tax holidays before school begins each year, for example. Critics of tax holidays maintain that they deprive the jurisdictions of revenue and that their effect on growth is overstated.
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This weekend is the sales tax holiday in Massachusetts: Retail items costing less than $2,500 are exempt from sales tax.
Clothing, however, is most often exempted; Puerto Rico and 17 of the 18 states that conducted a sales tax holiday this year exempted clothes.
lt;br>Missouri is also offering a "Show Me Green" sales tax holiday event from April 19-25, 2009.
The logo, created as a reminder to Massachusetts residents that every day is a sales tax holiday in New Hampshire, prominently displays the phrase "Tax-Free Shopping in New Hampshire--365 Days a Year.
Georgia's sales tax holiday marks the start of National Energy Awareness Month, an annual recognition of the central role energy plays in national prosperity, security, and environmental well-being.
While county and municipal governments across Arkansas were advocating tax hikes to their citizens, the state government took a plunge into unfamiliar territory with its first-ever sales tax holiday timed for back-to-school shoppers.
On Monday, the House committee approved a bill that would add $3 billion to the budget by, among other things, suspending the sales tax holiday.
New York was the first state to have a sales tax holiday when the Legislature instituted a tax-free week on all clothing and footwear priced under $500 in 1997.
Just when the country ought to be getting serious about its economic security, along comes the proposal that Washington decree a 10-day national sales tax holiday.
The Texas ENERGY STAR Sales Tax Holiday Weekend runs from May 28 through May 30 and covers ENERGY STAR qualified air conditioners, refrigerators, ceiling fans, light bulbs, clothes washers, dishwashers, dehumidifiers and some programmable thermostats.
BOSTON, July 29, 2015 /PRNewswire/ -- Doubling down on the upcoming Massachusetts Sales Tax Holiday Weekend, local furniture retailer Bernie & Phyl's is matching the tax savings for nearly two weeks leading up to the August 15-16 event, and then extending its no-tax pledge for the week following the statewide promotion.
WORCESTER -- The first Massachusetts sales tax holiday was held in 2004 as a one-day, onetime event to help boost business for retailers in an otherwise slow month, while giving consumers a break.