In what has become an annual tradition, the Massachusetts state legislature has authorized a "sales tax holiday" weekend for Saturday and Sunday, August 10-11, 2013. This is of particular interest to many - but not all - retailers.

The purpose of the tax holiday is to help generate sales and revenue for businesses across the state during what is often a slow period. On August 10th and 11th, the state 6.25% sales tax will be waived for non-business sales of tangible personal property priced at $2,500 or less. For items priced higher than $2,500, sales or use tax is due on the entire price charged for the item. 

Please note that the sales tax exemption does not apply to the sale of tobacco products, gas, steam, electricity, motor vehicles, motorboats or telecommunications. Also, the state meals tax remains in effect.

If you have any questions about the Massachusetts sales tax holiday and how it might affect your business, please call Gray, Gray & Gray's Tax Department at (781) 407-0300.