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Massachusetts Sales Tax Holiday Covered

Massachusetts Governor Deval Patrick signed the Massachusetts 2013 Budget Bill July 8, 2012. Included in the bill was a way to handle an annual sales tax holiday.

Last year, the annual sales tax holiday caused the state to forgo $21 million in sales tax revenues to support the holiday. This year, Governor Patrick has found a way to cover the lost revenue in order to ensure the sales tax holiday occurs.

According to the Massachusetts Governor’s press release, “A supplemental spending plan filed alongside the FY13 budget sets aside an estimated $20 million from a recent one-time payment to the General Fund the Commonwealth recently received to support the popular measure.”

The release continued to express that “Identifying funds to support an initiative that generates revenue for retailers and delivers savings to consumers at the outset of the fiscal year is responsible and prudent….”

The Act is retroactive to July 1, 2012.

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Avalara Author
Susan McLain
Avalara Author Susan McLain
Susan McLain began her career as a technical writer in technology industries such as satellite networking and medical devices. Her skills encompass technical and marketing writing, usability engineering, verification and validation testing and protocol writing, requirements development, business analysis, technical illustration/graphic design and marketing. She has owned her own business providing service to small to medium sized business and in other positions, she has been in project management, documentation and marketing. She is currently the content specialist for Avalara helping to “make sales tax less taxing.”