Sales Tax Holiday
Gov. Deval Patrick says he expects to sign off on another summer tax-free weekend. House lawmakers are planning to take up a bill this week to create the sales tax holiday. The Senate is also expected to follow suit. Patrick said that like last year the state will have to come up with a way to offset the lost revenue, which has averaged about $20 million in past years. Under the legislation, the sales tax holiday would be scheduled for Aug. 10 and 11 and will apply to retail sales excluding any single item priced higher than $2,500. Sales-tax holiday weekends have become something of a tradition in Massachusetts during the dog days of summers as lawmakers hope to give a boost to businesses and consumers during a typically sluggish shopping season.