Mississippi and South Carolina also have similar tax holidays
for guns, according to the lobbying arm of the National Rifle Association, which supports the Texas proposal.
And if you're buying online, the sales tax holidays
apply only if the address where the item will be shipped is located in a state offering the sales tax break, Smith said.
The sources pointed out that unfortunately, owners of various AJK-based industrial units changed the names of their units with the same machinery at the same premises, after the completion of the stipulated five-year tax holidays
period for tax concession.
Not only do tax holidays
benefit residents of the state who can enjoy a substantial reduction in actual cost for big ticket purchases they might not have otherwise made, these holidays also serve to bring in consumers from outside Massachusetts.
Two more sales tax holidays
followed: in 2008 a two-day break for hurricane preparedness items priced less than $1,500, and in 2009 a three-day break for firearms, ammo and hunting supplies.
Sales tax holidays
have broad political support, with backers arguing that holidays are a highly visible form of tax cut that provide benefits to low-income consumers.
A repeat of a corporate tax holiday
that found little success in stimulating the economy in 2005 is still a long-shot to jump-start a stagnant U.
Existing tax holidays
will continue for a limited time, while new incentives, such as a lower rate of 15 per cent, have been introduced for green businesses and high-tech companies.
The budgetary consequences of the remaining potential tax holidays
would vary substantially.
and financial incentives do work, although one study in the U.
But other than tax rebates, payroll tax holidays
or massive increases in temporary spending--none of which is on the table--there's little the federal government can do to stimulate the economy immediately.
Eight other states have similar sales tax holidays