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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During the sales tax holiday, qualifying items will be exempt from tax including: certain school supplies selling for $15 or less per item; and clothing, footwear, and certain accessories selling for $60 or less per item; and computers and certain accessories selling for $1,000 or less per item, when purchased for noncommercial home or personal use.
Retailers, especially newer or smaller businesses, can easily be overwhelmed trying to comply with the various sales tax holiday rules.
Walker, a Republican, has said his goal for the tax rebate and the sales tax holiday is to provide families with extra cash heading into the new school year.
Lawmakers in Massachusetts nixed the state's annual sales tax holiday this year for the first time since 2009.
"Why Sales Tax Holiday Critics Are Wrong." State Tax Notes, September 29, 2008.
This weekend is the sales tax holiday in Massachusetts: Retail items costing less than $2,500 are exempt from sales tax.
A one-minute video, "Louisiana's Second Amendment Weekend Sales Tax Holiday," describes that state's tax holiday on the sale of guns and ammunition.
Sales in April fell back to 36,000, but the fall was as sharp as it was because of March's artificially inflated high, associated with the rush to buy before the sales tax holiday ended.
Another hurdle to overcome in this area involves sales tax holidays. You may get excited each year when the state declares a sales tax holiday on back-to-school items, but how does that affect your company sales?
MAKE the most of the weak dollar, jump on a plane to Washington DC and take advantage of the city's sales tax holiday, which will save you an extra 5.75 per cent.
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."
On the sales tax holiday legislation, we work with groups concerned about the digital divide and access to computers, including those representing senior citizens, rural residents, and veterans.