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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The State of Iowa's Tax Free Weekend is going to take place from Aug.
The State of Maryland has decided not to have a tax free weekend this year but has promised to brig it back in 2010 from Aug.
The state of Mississippi's Tax Free Weekend will take place from July 31-Aug.
The State of Missouri's Tax Free Weekend will take place from Aug.
The State of New Mexico's Tax Free Weekend takes place from Aug.
The State of North Carolina's Tax Free Weekend will be from Aug.
The State of Oklahoma's Tax Free Weekend will be from August 7-9, 2009<br>Aplies to and will include the following:
The State of South Carolina's Tax Free Weekend will be from Aug.
The State of Tennessee's Tax Free Weekend will be from Aug.
The State of Texas Tax Free Weekend is going to take place from Aug.
During this tax free weekend, there will be no tax on purchases made on items that include clothing under $100, personal computers under $1500 and overall school supplies under $20.
In addition to the Tax Free Weekend, Grand Hyatt Atlanta offers a Legendary Shopping Package that is valid throughout the year and includes: overnight guest accommodations, breakfast buffet for two in Cassis Restaurant, self-parking, one $25 gift card to Simon Malls and late check-out.