Legislation authorizing a Massachusetts sales tax holiday for this weekend, August 10-11, 2013, has recently been enacted. On these dates sales tax does not apply to non business-related retail sales of tangible personal property with a price of up to $2,500 per item. The tax holiday exemption does not apply to the following: telecommunications, tobacco products, gas, steam, electricity, motor vehicles, motorboats, or meals.
The Department of Revenue has issued a release that provides guidance for retailers, including information on eligible purchases, discounts, bundled sales, Internet sales, returns and exchanges, and erroneously collected taxes. A link to the Department of Revenue’s guidance can be found by copying the following URL to your browser:
http://www.mass.gov/dor/businesses/help-and-resources/legal-library/tirs/tirs-by-years/2013-releases/tir-13-11-the-2013-massachusetts-sales-tax-holiday-wk.html
Yours truly,
Newburg & Company, LLP