Monday, August 1, 2016

Retail advocates: Store receipts will plunge in August without sales tax holiday

Image result for MA tax free weekendLocal retail advocates say summer commerce will take a hit 
after the Legislature forewent an August sales tax holiday weekend for this year, a perk Bay State shoppers and businesses have counted on since 2004.

“They’re going to see a dramatic drop in Massachusetts sales in 
August ... there are stores that see as much as 10 to 15 percent of their annual sales derived out of this promotion,” said Jon Hurst, president of the Retailers Association of Massachusetts, predicting shoppers will be pushed to tax-free online purchases.. . . more

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