Massachusetts 2014 Sales Tax Holiday This Weekend
- Sales Tax News
- Aug 15, 2014 | Gail Cole
It may have been left to the last minute but it is happening and it’s happening this weekend. The 2014 Massachusetts sales tax holiday weekend runs August 16 and 17, 2014.
On August 13, the Massachusetts Department of Revenue posted on its website details about the upcoming holiday. It explains what is eligible for the exemption from Massachusetts sales tax (sales of tangible personal property bought for personal use only) and what is not (purchases by corporations and other businesses and purchases by individuals for business use).
Specific rules are also provided. For example:
- When the sales price of any single items is greater than $2,500, sales or use tax is due on the entire price charged for the item (sales price is not reduced by the threshold amount).
- Except there is no sales tax on any article of clothing unless the sales price exceeds $175, when only the increment over $175 is subject to tax.
Multiple items, bundled transactions, coupons and discounts, layaway sales… the DOR’s technical information release on the sales tax holiday explains it all. Read it here.